Ind-Ra withdraws Agarwala's ratings

Kolkata, Aug 14 : India Ratings and Research (Ind-Ra) has withdrawn M/s Agarwala's 'IND BB+' Long-Term Issuer Rating with a Stable Outlook.

A list of additional rating actions is at the end of this commentary.

The ratings have been withdrawn due to M/s Agarwala's acquisition by Agarwala's Polytrade Private Limited ('IND BBB-'/Stable), its group entity. Both the entities belong to Sri Balmukund Group.

Ind-Ra has also taken the following actions on M/s Agarwala's bank facilities:

- INR161m fund-based limits: Long-Term 'IND BB+'; rating withdrawn

- INR21.7m non-fund-based limits: Short-Term 'IND A4+'; rating withdrawn

--IBNS (Posted on 14-08-2013)

business-india-news headlines

DLF leases 3 million sq ft office space in 2013-14

Cairn India posts 18 percent rise in Q4 profit

Paris Motor Show woes Indian visitors

Toonz forays into artificial intelligence toys, films

Sensex, Nifty at new highs; capital goods sector gains

Sensex hits record high for third straight day

Reebok India launches 'live with fire' campaign

KBC winner Sunmeet Kaur to launch boutique in the capital

'Goa sells maximum beer in India'

RIL raises $550 mn from Japanese banks

OPEC daily basket price closes lower

Rupee slips below 61 against the dollar

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top