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Aban Offshore announces revision in credit ratings

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Capital Market
Last Updated : Dec 31 2014 | 8:37 PM IST

From CARE

Aban Offshore announced that the Company has received the following revision in ratings from CARE:

- Long term Bank Facilities - CARE BB - (Double B Minus). The earlier rating was CARE D (Single D).

- Long term /Short term Bank Facilities - CARE BB -/CARE A4 (Double B Minus/A Four). The earlier rating was CARE D (Single D).

- Cumulative Redeemable Preference Shares ratings have been reaffirmed at CARE C (Single C).

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First Published: Dec 31 2014 | 1:08 PM IST

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