(ADPnews) - May 13, 2011 - CARE upgraded Friday to A- from BBB+ the rating on the INR 281 million (USD 6.3m/EUR 4.4m) long-term bank facilities of Indian geared motor manufacturer Power Build Ltd.
The agency also revised up to PR2+ from PR2 the rating on its INR 80 million short-term bank facilities.
The higher ratings reflect the rebound in the company's overall financial profile, partly due to the de-merger of its material …
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