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-ICRA sets B+ rating to DSR Steel's limits.

BANKING AND CREDIT NEWS-October 19, 2011--ICRA sets B+ rating to DSR Steel's limits(C)2011 M2 COMMUNICATIONS http://www.m2.com

19 October 2011 - ICRA assigned yesterday a B+ rating to the fund-based limits of INR150m (USD3m/EUR2.2m) of Indian steel rolling company DSR Steel Pvt Ltd (DSR).

The rating takes into account DSR's modest scale of operations and operating margins.

But the rating also reflects the long experience of the firm's owners, its strong customer base as well as the partially integrated nature of its operations.

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDOctober 19, 2011>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY

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Publication:M2 Banking & Credit News (BCN)
Date:Oct 19, 2011
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