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-ICRA withdraws rating on HPL Socomec's loans.

M2 EQUITYBITES-January 20, 2011--ICRA withdraws rating on HPL Socomec's loans(C)2011 M2 COMMUNICATIONS http://www.m2.com

20 January 2011 - ICRA yesterday removed the LBBB rating assigned to the long-term loans and fund based limits of HPL Socomec Pvt Ltd.

The agency issued the following press release:

ICRA has withdrawn the "LBBB" (pronounced as L triple B) rating assigned to long term loans and fund based limits and the "A3+" (pronounced as A three plus) rating assigned to the non fund based limits of HPL Socomec Private Limited at the request of the company+. The ratings were placed on notice for withdrawal in September 2010.

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Publication:M2 EquityBites (EQB)
Date:Jan 20, 2011
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