Comments
The credit rating agency Fitch Ratings will no longer provide ratings or analytical coverage of Binani Cement.
The current long-term ratings, with a negative outlook, will remain in the non-monitored category for a period of six months and will be withdrawn at the end of that period, Fitch said. This has been done due to the lack of adequate information, it added.
However, in the event the company starts furnishing information during this six-month period, the ratings could be reinstated and will be communicated through a Rating Action Commentary, it said.
In May last year, Binani Cement was delisted from the stock exchanges. This was after a successful buyback offer by Binani Industries in January. At present, BIL owns 95 per cent stake in Binani Cement.
suresh@thehindu.co.in
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.