Transcription of Press Release Noor India Buildcon Private Limited
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Press Release Noor India Buildcon Private Limited
Press Release Noor India Buildcon Private Limited February 01, 2018. Rating Amount 1. Facilities/Instruments Rating Rating Action (Rs. crore). CARE D. Long-term bank Facilities Reaffirmed (Single D). Total (Rupees Sven crore only). Details of instruments/facilities in Annexure-1. Detailed Rationale & Key Rating Drivers The reaffirmation in the rating assigned to the bank facilities of Noor India Buildcon Private Limited (NIBPL) is primarily due to irregularity in servicing its debt obligations owing to weak liquidity position. Establishing a clear debt servicing track record with improvement in the liquidity position remains the key rating sensitivity.
1 CARE Ratings Limited Press Release Noor India Buildcon Private Limited February 01, 2018 Rating Facilities/Instruments Amount (Rs. crore) Rating1 Rating Action Long-term Bank Facilities 7.00
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