According to ICRA, this upgrade is attributed to ATGL's improved financial risk profile, driven by sustained growth in sales volume, which has resulted in an increased scale of operations and better profitability.
New Delhi [India], February 23: Maiden Forgings Limited, based out of Delhi (NCR), recently, on February 20, 2024, got its debt rating for the first time from one of the top 3 rating agencies in India. It was rated as BBB-; stable, which attributes key strength factors such as growing scale
Mumbai (Maharashtra) [India], December 18: Reliance Nippon Life Insurance, India's leading private life insurer, has been recognized by the Bureau of Energy Efficiency (Government of India, Ministry of Power) at the National Energy Conservation Awards (NECA) 2023. This prestigious award come
New Delhi [India], Jan 22 (ANI): The Cabinet Committee on Economic Affairs on Wednesday approved the closure of Hindustan Fluorocarbons Ltd (HFL) and shutting down its operations to ward off future risks and liabilities.
Ahmedabad (Gujarat) [India], Dec 26 (ANI): Crisil has upgraded its rating on the long-term bank facilities of Gujarat Gas Ltd (GGL) to AA-plus with a stable outlook from AA-positive.
New Delhi [India], Aug 31 (ANI): The consolidation of 10 public sectors banks announced by the government is credit positive but there will not be any immediate improvement in their credit metrics as all of them have relatively weak solvency profiles, global rating agency Moody's has said.