Process

Binani Cement migrated to non monitored category

Published

on

Shares

Fitch Ratings has migrated Binani Cement’s rating to non-monitored category from earlier national long-term ‘Fitch A(ind)’ rating with a negative outlook.The ratings agency said that the non-monitored category due to lack of adequate information, and Fitch will no longer provide ratings or analytical coverage of BCL.The ratings will remain in the non-monitored category for a period of six months and be withdrawn at the end of that period. However, in the event the issuer starts furnishing information during this six-month period, the ratings could be reinstated.Fitch has also classified Binani Cement’s three bank loans totaling Rs 1,506 crore into non-monitored category.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending News

© COPYRIGHT 2024 ASAPP Info Global Services Pvt. Ltd. All Right Reserved.