Printer Friendly

-ICRA sets LB+ rating to cash credit of Arrah Re-Rolling Mill.

M2 EQUITYBITES-May 3, 2011--ICRA sets LB+ rating to cash credit of Arrah Re-Rolling Mill(C)2011 M2 COMMUNICATIONS http://www.m2.com

3 May 2011 - ICRA said on Monday it had rated an INR80m (USD1.8m/EUR1.2m) cash credit of Indian steel products retailer Arrah Re-Rolling Mill Pvt Ltd at LB+.

The rating is weakened by the competitive nature of the steel industry, the company's small size, its "concentrated customer base" and low profitability. The rating, however, draws strength from the experience of the company's promoters and the "favourable demand outlook for steel products in the medium to the long term," ICRA said.

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDMay 3, 2011>JNM2 EQUITYBITES.PRICEDATENOT APPLICABLE.DAY

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:May 3, 2011
Words:125
Previous Article:-Kineco's fund-based limits receive LBB-/"stable" from ICRA.
Next Article:-ICRA rateslong-term fund-based limits of Pride & Expert Properties at LBB-.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters