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Enact Receives Ratings Agencies Upgrades from Fitch, Moody s and S&P
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Ind-Ra upgrades long-term issuer rating of Shree Renuka Sugars Ltd
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Sri Lanka s Ideal Finance upgraded 9 levels after India s Mahindra takeover
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From India Ratings and ResearchElectrosteel Castings announced that India Ratings and Research Private has, vide its letter dated 13 May 2021, upgraded the Company s Long-Term Issuer Rating to IND A from IND A- while maintaining it on Rating Watch Positive ( RWP ). The instrument-wise rating actions are as
follows:
Long term loan - IND A/RWP
Fund-based working capital limits - IND A/RWP/IND A1
Non-fund-based working capital limits - IND A1/RWP
Proposed fund based working capital limits - IND A/RWP/ IND A1/RWP
Proposed non-fund based working capital limits - IND A1/RWP
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Future Retail announced that Fitch Rating has revised the rating on the company s USD denominated notes (listed on SGX) by reaffirming the rating at C while revising the Recovery Rating to RR5 from RR4 .
Fitch has removed the Rating Watch Positive (RWP). The removal of the RWP underscores the significant delay in completing the sale to Reliance Group.
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