Banks (Finance)
Thermax Engineering Construction Company Limited (TECC), a wholly-owned subsidiary of Thermax Limited, has had its ratings reaffirmed by ICRA Limited. The ratings, which include a long-term non-fund-based instrument rating of [ICRA]AA+(SO) and a long-term fund-based cash credit limit rating of [ICRA]AA, reflect the company's strong
Banks (Finance)
Brij Gopal Construction Company Private Limited (BGCC), a construction company based in Haryana, has seen its long-term rating upgraded by credit rating agency ICRA. The upgrade, from BBB- to BBB with a stable outlook, is a result of the company's steady inflow of new orders and comfortable order
Banks (Finance)
ICRA, a credit rating agency, has reaffirmed the long-term rating of [ICRA]B+ and the short-term rating of [ICRA]A4 for Adishakti Alloys Private Limited's (AAPL) cash credit and non-fund based bank facilities, respectively. The ratings reflect AAPL's small scale of operations, depressed debt protection metrics,
Banks (Finance)
Shree Hans Rice and General Mills (SHRGM) has a high working capital intensity, and the competitive nature of the industry exerts pressure on operating margins. The firm's weak financial profile, reflected in high gearing and weak coverage metrics, also raises concerns. However, the experienced management and proximity to
Banks (Finance)
The Industrial Development Corporation of Odisha Ltd. (IDCOL) has seen its long-term rating downgraded by ICRA from [ICRA]BB (Stable) to [ICRA]BB- (Stable) due to the company's weak financial performance over the past two years. IDCOL's operations have been loss-making, with high fixed costs and
Banks (Finance)
Shree Saibaba Green Power Private Limited, a Special Purpose Vehicle promoted by Shree Saibaba Sugars Limited, has seen its rating upgraded by ICRA to BBB- (stable) from BB+ (stable) for its term loans aggregating to Rs. 25.11 crore. This upgrade is based on the company's demonstrated track
Banks (Finance)
Orange Maha Wind Energy Private Limited, a wholly owned subsidiary of Orange Renewable Holdings Pte. Limited, has been assigned a long-term rating of [ICRA]BBB- (Stable) by ICRA Limited. The rating is based on the company's strong parentage and management, as well as the advanced stage of execution
Banks (Finance)
South Carolina Republican Senators Lindsey Graham and Mick Mulvaney are engaged in a heated battle over the fate of the Export-Import Bank, a lender to American exporters that has been a target of conservative criticism. Graham, who is running for the Republican presidential nomination, has taken a lead in Congress
Banks (Finance)
As the reauthorization of the Export-Import Bank comes up for a vote, the Republican Party is deeply divided over its role in the economy. Senator Lindsey Graham, a South Carolina Republican and presidential candidate, supports the bank, citing its importance to the state's economy and the jobs it
Banks (Finance)
ACR Machining Private Limited, a private company involved in machining activities, has received reaffirmation of its credit ratings from ICRA. The long-term rating of [ICRA]BBB (Structured Obligation) for the company's Rs. 4.0 crore long-term fund-based cash credit facility has been reaffirmed, along with a stable outlook.
Banks (Finance)
Oswal F M Hammerle Textiles Limited, a joint venture between Vardhman Polytex Limited and F.M Hammerle, Austria, has had its ICRA rating suspended due to the credit rating agency's inability to conduct a rating surveillance in the absence of required information from the company. The company, which
Banks (Finance)
Evershine Smelting Alloy Private Limited, a lead processing company, has been assigned ratings by ICRA, a credit rating agency. The ratings reflect the company's established track record in the industry, considerable experience of its promoters, and favourable demand outlook for lead and lead alloys. However, the ratings are
