Press Releases     01-Aug-24
Kay Jay Forgings Pvt.Ltd.: Moved to Non-Cooperating category; ratings downgraded based on best available information

Rationale

 ICRA has downgraded and moved the rating for the bank facilities of Kay Jay Forgings Pvt.Ltd. to the ‘Issuer Not Cooperating’ category. The rating is denoted as “[ICRA]BB+(Stable)/[ICRA]A4+; ISSUER NOT COOPERATING” As part of its process and in accordance with its rating agreement with Kay Jay Forgings Pvt.Ltd., ICRA has been trying to seek information from the entity so as to monitor its performance, but despite repeated requests by ICRA, the entity’s management has remained non-cooperative. In the absence of requisite information and in line with the aforesaid policy of ICRA, a rating view has been taken on the entity based on the best available information.

Other Stories
  BASF India Limited announces full-year 2024-2025 audited annual results
  14-May-25   13:49
  Digital Edge DC (India) Private Limited: Rating upgraded to [ICRA]A+ (Stable)
  14-May-25   13:45
  City Tiles Limited: Continues to remain under issuer non-cooperating category
  14-May-25   13:44
  Boduppal Municipal Corporation: Continues to remain under issuer Non-Cooperating category
  14-May-25   13:41
  Big Tiles: Continues to remain under issuer Non-Cooperating category
  14-May-25   13:39
  Badepally Municipality: Continues to remain under issuer Non-Cooperating category
  14-May-25   13:34
  Aircon Engineers Private Limited: Continues to remain under issuer Non-Cooperating category
  14-May-25   13:32
  A N Associates: Continues to remain under issuer Non-Cooperating category
  14-May-25   13:31
  Netra Wind Private Limited: Ratings downgraded and outlook revised to Stable; short term rating withdrawn
  13-May-25   14:02
  NED Energy Limited: Update on entity
  13-May-25   14:00
Back Top