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India Ratings upgrades Minda Corporation’s long term issuer rating

India Ratings and Research (Ind-Ra) has upgraded Minda Corporation’s Long Term Issuer Rating to ‘AA-’ from ‘A+’. Rating upgrade highlights strengthening of the business portfolio and financials of Minda Corporation largely aided by a growth in its core business, both domestic and exports. The company has also increased its focus ... Read More »

CARE Ratings reaffirms stable outlook on JSPL’s arm

CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power (JSPL). The rating agency has reaffirmed stable outlook credit rating of ‘A-‘ to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, in the state of Chhattisgarh. ... Read More »

CARE revises Eros International Media’s bank facilities ratings

Credit rating agency, CARE has revised the ratings assigned to Eros International Media’s bank facilities. The agency has revised rating of long term bank facilities worth Rs 563 crore to ‘BBB-/Stable’ from ‘BBB+’. The rating agency also revised rating of short term bank facilities worth Rs 187 crore to ‘A3’ ... Read More »