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CARE withdraws ratings assigned to debt facilities of Suzlon Energy


Suzlon Energy announced that since the Company s bank facilities / debt instruments have undergone restructuring and there has been a significant change in repayment terms, at the request of the Company, CARE Ratings has withdrawn the ratings assigned to the said facilities (which now stands restructured) with effect from 8 March 2021.
Further, a RP-4 rating has been assigned by the CRISIL and India Ratings & Research, the rating agencies appointed by the consortium of lenders, to the Resolution Plan of the Company.
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Crisil assigns AAA rating to Rs 375 cr MLDs of Mindspace REIT


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The company has received draft term sheets for MLDs of Rs 375 crore and NCDs of Rs 75 crore
Crisil assigns AAA rating to Rs 375 cr MLDs of Mindspace REIT
ANI |
Updated: Mar 10, 2021 17:05 IST
Mumbai (Maharashtra) [India], March 10 (ANI): Crisil has assigned an AAA rating with a stable outlook to proposed long-term principal-protected market-linked debentures (MLDs) worth Rs 375 crore of Mindspace Business Parks real estate investment trust (MindspaceREIT).
Crisil also converted the provisional rating assigned to the Rs 300 crore non-convertible debentures (NCDs) to a final rating of AAA with a stable outlook.
The company has received draft term sheets for the MLDs of Rs 375 crore and NCDs of Rs 75 crore and the proposed terms and conditions are in line with those of the REIT s existing debentures. The already placed debentures incorporate covenants capping incremental debt throughout their te ....

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Indian economy to grow at 11% in FY'22: Crisil


Indian economy to grow at 11% in FY 22: Crisil
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Last Updated: Mar 09, 2021, 04:17 PM IST
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Synopsis
While exports are recovering well for large industries, and agriculture and allied sectors, they remain weak for labour-intensive, small-enterprise driven segments such as gems and jewellery, garments, and leather products because of their discretionary nature.
The pace of growth will differ in the first and second halves next fiscal.
India s GDP growth is expected to rebound to 11% in FY 22 as people learn to live with the new normal, flattening of the Covid-19 affliction curve, rollout of vaccinations, and investment-focused government spending converge, according to ratings firm ....

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Sundram Fasteners gains after CRISIL reaffirms ratings


Sundram Fasteners (SFL) said that the credit ratings agency CRISIL had reaffirmed its rating on the short-term debt and commercial paper programme of the company at CRISIL A1+ .
The SFL scrip rose 1.40% to currently trade at Rs 719 on the BSE. In the past one year, the stock has zoomed 87.56% while the benchmark Sensex has added 41.98% during the same period.
On the technical front, the stock s RSI (relative strength index) stood at 71.111. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day, 100-day and 200-day moving average (DMA) placed at 609.54, 549.76 and 474.98, respectively. ....

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