Breaking News

You are here » Indian-Commodity  :  Corporate  :  CRISIL downgrades ratings assigned to Speciality Restaurants' bank loan facilities

18-May2018

CRISIL downgrades ratings assigned to Speciality Restaurants' bank loan facilities

The credit rating agency, CRISIL has downgraded rating assigned to Speciality Restaurants' bank loan facilities worth Rs 60 crore. The agency has downgraded rating from 'A/ Negative' to 'A-/Negative' assigned to the company's long-term bank facility. The agency has also downgraded rating from 'A1' to 'A2+' assigned to the company's short-term bank facility. 

Speciality Restaurants focuses on providing the guests an affordable fine dining experience with quality food and service in a modern ambience. The company's restaurants consist of different restaurant concepts and are located across India, particularly in the western region. Its flagship brand is Mainland China which serves Chinese cuisine in a standalone fine dining setting.



Related News

View all news

Tata Steel begins phase-II expansion of Kalinganagar plant

Tata Steel has begun the phase-II expansion of Kalinganagar plant to 8 million tons per annum (mtpa) capacity from 3 mtpa. The expansion will incur a cost of Rs 23,500 crore and take 48 months to complete.The......

Bank of India reports net loss of Rs 1,156 crore in Q2

Bank of India has reported results for second quarter ended September 30, 2018.The Bank has reported net loss of Rs 1,156.25 crore for the quarter under review as against net profit of Rs 179.07 crore......

Vedanta planning to inject Rs 15,000 crore in Odisha

Vedanta is planning to inject Rs 15,000 crore to raise the alumina refinery capacity at Lanjigarh three-fold to 6 mtpa and firm up downstream sector in Odisha in three years. The company has already invested......

Top News

View all news

Atishay bags two work orders for preparation of Urdu Photo Electoral rolls

Atishay has received the work order from the Office of the Collector & District Election Officer, District-Bhopal (MP) for Preparation of Urdu Photo Electoral rolls, as per Election Commission......

Jindal Poly Films to incorporate wholly owned subsidiary

Jindal Poly Films will incorporate wholly owned subsidiary Company i.e. J. and D. Speciality Films. The Board of Directors of the company at their meeting held on November 12, 2018, took note of the same.Jindal......

Bannari Amman Spinning Mills to promote wholly owned subsidiary

Bannari Amman Spinning Mills has received an approval to promote a wholly owned subsidiary to carry out the new line of allied activities in future. The Board of Directors of the company at their meeting......