Credit ratings agency India Ratings expects the margins of firms producing flat steel through the blast furnace route to come under pressure if the rupee depreciates further against dollar. Therefore, the agency expects profit margin of these producers to remain under pressure in 2013, even after effec
Tag: India Ratings
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ABG Shipyard faces liquidity stress
The liquidity condition of ABG Shipyard is facing continued stress owing to large work-in-progress inventory relating to oil rigs, India Ratings said. The shipyard is facing delay in executing a novation agreement with a large client and an associate company. Novation is the act of either replacing an obligation to perform with a new obligation, or replacing a party to an a
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