New Delhi: Leading helicopter services provider Pawan Hans has taken steps to address risks and its operational stability is likely to translate into increased margins, according to India Ratings.
The rating agency has made these observations while upgrading the credit rating of Pawan Hans while maintaining a stable outlook.
"India Ratings & Research (Ind-Ra) has upgraded Pawan Hans Limited's long-term issuer rating to 'IND A+' from 'IND A'. The outlook is stable," the ratings agency said in a statement.
The agency has also upgraded Pawan Hans' Rs 1,702 million long-term bank loans (reduced from Rs 1,798.2 million to 'IND A+' from 'IND A'.
'IND A' instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
20/10/13 PTI/Economic Times
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The rating agency has made these observations while upgrading the credit rating of Pawan Hans while maintaining a stable outlook.
"India Ratings & Research (Ind-Ra) has upgraded Pawan Hans Limited's long-term issuer rating to 'IND A+' from 'IND A'. The outlook is stable," the ratings agency said in a statement.
The agency has also upgraded Pawan Hans' Rs 1,702 million long-term bank loans (reduced from Rs 1,798.2 million to 'IND A+' from 'IND A'.
'IND A' instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
20/10/13 PTI/Economic Times
