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

Bajaj Finance raises Rs 100 crore via NCDs

Bajaj Finance has raised Rs 100 crore through allotment of 1,000 Secured redeemable Non-Convertibles Debentures (NCDs) of face value of Rs 10 lakh each. The Debenture Allotment Committee of the Company......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......

Lupin recalls 43,860 bottles of ophthalmic solution in US

Lupin is recalling 43,860 bottles of Moxifloxacin Ophthalmic solution, used to treat bacterial conjunctivitis, in the US market. The US health regulator, United States Food and Drug Administration (USFDA)......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......