Financial Daily from THE HINDU group of publications
Friday, Sep 03, 2004
Financial Daily from THE HINDU group of publications Friday, Sep 03, 2004 |
||
|
|
||
|
Money & Banking
-
Credit Rating Corporate - Corporate Bonds Crisil upgrades Finolex NCD Our Bureau
Mumbai , Sept. 2 CRISIL has upgraded the rating of Finolex Industries Ltd's Rs 50 crore NCD issue from AA to AA+. The upward revision in the rating follows the current upturn in the poly-vinyl chloride (PVC) price cycle. Another determinant has been the cost of the Finolex PVC expansion project that has been halved from Rs 500 crore to Rs 250 crore. The rating is supported by the company's liquid investments of over Rs 168 crore as of March 31.
More Stories on : Credit Rating | Corporate Bonds
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|