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CRISIL revises credit ratings of Surana Telecom

By Religare
|

Surana Telecom and Power Ltd, engaged in manufacturing of jelly filled cables, said that CRISIL Ltd, the rating agency has assigned new ratings for the Bank facility of the company.

The company has received CRISIL A3 ratings in the Bank Guarantee for Rs 80 million, while CRISIL BBB-/Stable for cash credit upto the amount of Rs 25 million, the company said in a filing to the Bombay Stock Exchange.

Moreover, it has got the rating of CRISIL A3 for letter of credit for upto Rs 30 million and CRISIL BBB-/Stable for long term loans of Rs 250 million.

 

It has also got CRISIL BBB-/Stable ratings for proposed long term bank loan facility upto Rs 85 million, added the filing.

Read more about: surana telecom and power
Story first published: Friday, May 24, 2013, 23:42 [IST]
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