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 Money & Banking - Corporate Bonds


ICRA cuts HMT bond ratings

Our Bureau

BANGALORE: ICRA has cut its rating assigned to HMT Ltd's Rs 159-crore bond issue to LBB (under rating watch) following a delay in interest payment that was due in April, an ICRA statement said.

The agency had earlier assigned LAAA(SO) (under rating watch with negative implications) tracking an unconditional and irrevocable guarantee by the Government of India.

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