SURYA ROSHNI LTD. - Credit Rating

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07 Nov 2017
In terms of Regulation 30 read with Para A of Part A of Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that CRISIL Credit Rating has assigned Credit Rating of Commercial paper Programme of Surya Roshni Limited to CRISIL A1+(SO) for Rs. 100 crore on the credit enhancement in the form of stand by letter of Credit (SBLC) issued by State Bank of India. <BR> <BR> For arriving at the aforesaid rating, CRISIL has combined the business and financial risk profiles of Surya Roshni Limited (SRL) and its associate Surya Global Steel tubes Limited (SGSTL), considering the approvals received so far without any change in the scheme of arrangement and the final stage of hearing(s) at National Company Law Tribunal (NCLT).<BR>
View all announcements for SURYA ROSHNI LTD.	Source: BSE India

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