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Welcome To IANS Live - TopStory - ICRA downgrades ratings of Shapoorji Pallonji

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 ....

New Delhi , Shapoorji Pallonji , Company Private Limited , One Time Restructuring , Developing Implication , Developing Implications ,

ICRA downgrades ratings of Shapoorji Pallonji

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 . ....

New Delhi , Shapoorji Pallonji , Company Private Limited , One Time Restructuring , Developing Implication , Developing Implications ,

Welcome To IANS Live - BUSINESS - ICRA downgrades ratings of Shapoorji Pallonji

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 ....

New Delhi , Shapoorji Pallonji , Company Private Limited , One Time Restructuring , Developing Implication , Developing Implications ,

Shapoorji Group Flagship's Ratings Downgraded By Icra

The consolidated external debt of the company has declined by Rs 15,300 crore to Rs 21,870 crore as on December 31, 2022, from Rs 37,170 crore as on August 31, 2020, and is expected to further reduce through asset divestment, the agency said. ....

New Delhi , Shapoorji Pallonji , Shapoorji Pallonji Group , Company Private Limited , Tata Sons , One Time Restructuring , Developing Implication , Shapoorji Group ,