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CARE Revises Credit Rating Of Ardent Steel Limited

Steel News - Published on Tue, 25 Jun 2019

Image Source: SteelGuru
The credit ratings of Ardent Steel Limited a Subsidiary Company of Godawari Power & Ispat Limited has been revised by Credit Analysis and Research Limited on the basis of financial performance of ASL for FY 2018-19 (Audited) on Long Term Bank Facilities (Term Loan & Fund based).

The Long Term Bank Facilities - Term Loan of INR 108.64 crore has been assigned CARE BBB+; Stable (Triple B Plus; Outlook: Stable) rating which has been revised from CARE BBB; Stable (Triple B Minus; Outlook: Stable).

The Long Term Bank Facilities - Fund based of INR 18.78 crore has been assigned CARE BBB+; Stable (Triple B Plus; Outlook: Stable) rating which has been revised from CARE BBB; Stable (Triple B Minus; Outlook: Stable).

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Posted By : Ratan Singh on Tue, 25 Jun 2019
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