The Indian Express
The Financial Express
Latest News
EIW
Market Indicators
Screen
Boulevard India
Celebrity Chat
Express Computers
Express Power
Letters
Advertisers Forum
Express Careers
Business Forum
Match Makers
Express Properties
Palki - Travel & Tours
Information Technology
Astrosurf
Eco-India
Dr Know
Morning Digest
Express Greeting
Graffiti
Drumbeat: Ad Buzzaar
|
| |
Tuesday, October 20, 1998
IKF Finance debt rating downgraded to BBB
Our Bureau
Mumbai, Oct 19: CARE has downgraded the rating assigned to the on-going fixed deposit programme of IKF Finance & Investments to BBB from BBB+ for a limit of Rs 2 crore. "The downgrade reflects the increasing competition in the NBFC sector in terms of business avenues and mobilisation of funds coupled with prolonged recession in the economy which could affect the company's growth and profitability in the medium term," a CARE release issued recently stated. Meanwhile, CARE has assigned a CARE 5 rating to the on-going collective investment scheme of Simbak Agro plantations Ltd.Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
Top
|
|
|
Printer-friendly page |
 |
