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CARE Ratings reaffirmed Ashok Leyland's credit ratings on ₹6,000 Crore of debt facilities. Long-term bank facility and NCD ratings were withdrawn for unavailed or repaid amounts.
Crisil Ratings has assigned or reaffirmed credit ratings for Welspun Enterprises Ltd and its material subsidiaries, including upgrades for long-term facilities.
CRISIL has reaffirmed the long-term credit rating as CRISIL AA/Stable and the short-term credit rating as CRISIL A1+ for Thomas Cook (India) Limited.
Bank of Maharashtra received a BBB credit rating from S&P Global Ratings for its USD 500 million Medium Term Note Programme.
CARE Ratings revised the outlook on Knowledge Marine & Engineering Works Limited's bank facilities to 'Positive', while reaffirming the long-term and short-term credit ratings.
Sundram Fasteners Limited has received a re-affirmation of its 'CRISIL A1+' rating for its short-term debt and commercial paper instruments from CRISIL Ratings Limited.
CRISIL downgraded Jai Balaji Industries' long-term rating to BBB from BBB+ and short-term to A3+ from A2. The revision signals elevated credit risk on its bank loans.
CARE Ratings reaffirmed Jindal Saw's CP and NCD ratings (A1+ and AA Stable) with no change. The Rs.400 Cr and Rs.500 Cr instruments were reviewed and maintained.