Mumbai: India Ratings & Research (Ind-Ra) has upgraded Mumbai International Airport Private Ltd s (MIAL) project bank loan facilities to 'IND A-' from 'IND BBB+', said the company in a statement issued on Monday.
"The rated bank loans are INR42.31bn long-term loans, INR2.5bn fund-based limits (increased from INR1bn) and INR4.15bn non-fund-based limits (increased from INR3.55bn)," it said. Ind-Ra has also assigned an 'IND A1(exp)' rating to MIAL's proposed INR1bn commercial paper issuance which is to be carved out from the INR2.5bn fund-based limits.
24/03/14 Manju V/Times of India
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"The rated bank loans are INR42.31bn long-term loans, INR2.5bn fund-based limits (increased from INR1bn) and INR4.15bn non-fund-based limits (increased from INR3.55bn)," it said. Ind-Ra has also assigned an 'IND A1(exp)' rating to MIAL's proposed INR1bn commercial paper issuance which is to be carved out from the INR2.5bn fund-based limits.
24/03/14 Manju V/Times of India
