Phoenix International’s credit rating outlook is raised
The rating agency Infomerics Valuation and Rating Limited (IVR) has reaffirmed the long-term rating of “IVR BBB-“ for 124.00 crore rupee (€13.8m) of long-term bank loan facilities contracted by the Indian group Phoenix International. Infomerics also improved its credit outlook to “stable” from “negative” thanks to an improvement in lease ...
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