• ICRA assigns LBB (Stable) / A4 ratings to  the bank facilities of Marinelines Ship Breakers Private Limited
• ICRA places the ratings of bank lines of Keti Construction (India) Limited under rating watch with developing implications
• ICRA places the rating of the term loan limit of Keti Sangam Infrastructure (India) Limited on rating watch with developing implications; rated amount enhanced from Rs. 180 crore to Rs. 200 crore
• ICRA reaffirms LAAA(SO) rating of Purchaser Payouts and upgrades the rating of Second Loss Facility under a loan receivables assignment transaction originated by Shriram Transport Finance Co. Ltd.
• ICRA reaffirms the LBB and A4 ratings for bank facilities of Vasundhara Cotton Mills Private Limited; assigns stable outlook
• ICRA assigns the LBB+ rating to the bank facilities of Sterling Oil Resources Limited; assigns stable outlook
• ICRA assigns LAA rating to the Rs. 300 crore Lower Tier 2 bonds programme of Punjab and Sind Bank
• ICRA assigns LA+ rating to the enhanced bank facilities of Apeejay Surrendra Park Hotels Limited; stable outlook assigned
• ICRA revises the rating for bank facilities of B.L. Kapur Memorial Hospital

ICRA Limited
(An Associate of Moody’s Investors Service)
Building No. 8, 2nd Floor, Tower A
DLF Cyber City, Phase II
Gurgaon 122002
Tel + (91 124) 4545300, 4545800
Fax+(91  124)  4545350/4545850