Hot Pursuit
Manaksia Coated Metals & Industries Ltd announced reaffirmations and assignments of credit ratings from multiple agencies for its various debt instruments. ACUITE Ratings & Research Limited reaffirmed its ratings of ACUITE A for Bank Loan Facilities amounting to 725 Crore and ACUITE A1 for Bank Loan Facilities also amounting to 725 Crore. Additionally, ACUITE assigned a rating of A (Stable) to a Bank Loan of 45.00, reaffirmed a rating of A for a Bank Loan of 330.00, assigned a rating of A1 to a Bank Loan of 105.00, reaffirmed a rating of A1 for a Bank Loan of 245.00, and reaffirmed ratings of A and A1 for Cash Credit and Letter of Credit facilities from HDFC Bank Limited, Union Bank of India, Indian Bank, and KOTAK MAHINDRA BANK LIMITED, along with several other instruments including Working Capital Term Loans, Term Loans, and Proposed Cash Credit facilities, all carrying ratings of A or A1. SEBI, MCA, and RBI have also issued circulars regarding various instruments and ratings, with "N/A" designations for many categories, while ICE ratings were also noted for Security Receipts and Expected Loss Ratings.