-Crisil Hikes Rating On Modern India Con-Cast's Loans to Bbb+/ 'Stable'

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BANKING AND CREDIT NEWS-February 25, 2011-CRISIL hikes rating on Modern India Con-cast's loans to BBB+/"stable"

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-Crisil Hikes Rating On Modern India Con-Cast's Loans to Bbb+/ 'Stable'

25 February 2011 - Indian rating agency CRISIL yesterday upgraded the ratings on two loans of Modern India Con-cast Ltd to BBB+/ "stable" from BBB/"stable".

The agency issued the following press release:

Rs.753.5 Million Term ...

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