From Brickwork Ratings India
Mukand announced that the Company is proposing to invite and accept fixed deposits from its members upto Rs. 115.48 crore pursuant to the provisions of the Companies Act, 2013 and rules framed thereunder. The credit rating agency, Brickwork Ratings India vide its letter dt. October 16, 2015 has assigned rating BWR FBB (Pronounced as BWR F Double B) Outlook : Stable to the aforesaid Fixed Deposit Programme of the Company.The aforesaid rating agency also vide its letter dated 16 October 2015, based on Mid Term Rating Review of Bank Loan Facilities amounting to Rs. 1,565.02 crore has revised the rating from BWR B to BWR BB (Pronounced BWR Double B) Outlook : Stable for Long Term facilities amounting to Rs. 1,055.02 crore and has reaffirmed the rating BWR A4(Pronounced BWR A Four) for Short term facilities amounting to Rs. 510 crore availed/to be availed by the Company.
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