BLS International Services : Intimation of Credit rating -April 04, 2024 at 05:24 am EDT
April 04, 2024 ...
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April 04, 2024 ...
Agarwal noted that the government and banks are comfortable giving clearances and funding to the public sector, whereas the case is not same for the private sector entrepenuers.
Vedanta’s consolidated operating profitability for FY24 would be around earlier expectation of Rs 35,000 crore against Rs 35,250 crore in FY23, CRISIL said.
ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications.
The downgrade in the ratings of Shapoorji Pallonji and Company Private Limited (SPCPL) factors in the delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operations in FY2023, resulting in modest profitability and muted debt coverage metrics compared to ICRA's earlier estimates.The