Rating agency ICRA has suspended the ratings assigned to Raju-family owned company, Maytas Infra (MIL) follwing the "recent developments at Satyam Computer".
ICRA has suspended the ratings of LBBB and A3 outstanding against the bank facilities and various debt programmes of MIL, a press release said here.
The government scrapped the board of Satyam Computers and appointed three new members, after Satyam's former Chairman B Ramalinga Raju admitted fraud in the company's accounts.