Business Law In India

 
Standard & Poor
 
S&P CREDIT RATING
 

Credit Ratings:   BB+/Stable/B

Rating History
Long-term foreign currency rating raised to 'BB+' with stable outlook, from 'BB' with positive outlook .February 2005
Outlook on foreign currency rating revised to positive from stable; outlook on local currency rating revised to stable from negative.August 2004
Outlook on foreign currency rating revised to stable.December 2003
Long-term local currency rating lowered to 'BB+' from 'BBB-' and outlook on local and foreign currency ratings revised to negative.September 2002
Long-term local currency rating lowered to 'BBB-' from 'BBB' and outlook on local and foreign currency ratings revised to negative.August 2001
Outlook on foreign currency rating revised to stable.October 2000
Outlook on foreign currency rating revised to positive.March 2000
Long-term foreign currency rating lowered to 'BB' from 'BB+' and short-term rating of 'B' affirmed; long-term local currency rating lowered to 'BBB' from 'BBB+' and short-term rating of A-3 assigned.October 1998
Outlook revised to negative.May 1998
Outlook revised to stable.October 1997
Outlook revised to positive; local currency rating of 'BBB+' assigned.October 1996
   
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