Ashoka Buildcon takes rating action for SPV – Ashoka Ankleshwar Manubar Expressway | Capital Markets News

From ICRA

Ashoka Buildcon announced that ICRA has upgraded the Credit Ratings for the Long Term – Fund Based – Term Loan of Ashoka Concessions’ wholly owned subsidiary Ashoka Ankleshwar Manubar Expressway (SPV) as follows:

ICRA has upgraded the Credit Rating for Long Term – Fund Based – Term Loan (ICRA) to AAA from (ICRA) AA; revised the Outlook to Stable from Positive.

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