Credit rating agency, CARE has revised the credit ratings of Uttam Value Steels on the basis of recent developments including operational and financial performance of the company for FY15 and 9MFY16. The rating agency has revised the rating company's long term bank facilities worth Rs 640.07 crore to ‘D’ from ‘BB’ while, the rating of short term bank facilities worth Rs 1,390 crore has been revised to ‘D’ from ‘A4+’.
Uttam Value Steels is an India-based company, which is engaged in manufacturing and marketing of steel products, capital equipment and turnkey projects. The Company's business segments include steel products and engineering products.
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