CRISIL assigns ratings to Bank Loan Facilities of Nava Bharat Ventures

CRISIL has assigned ratings on the Bank Loan Facilities of the Nava Bharat Ventures aggregating to Rs. 880 crore for the current year. CRISIL, while assigning ratings, reaffirmed 'A+' rating to long term facilities and revised outlook from stable to negative, taking into view the Ferro Alloy and Sugar industry. However, rating to short term facilities is reaffirmed at 'A1'.

Nava Bharat Ventures (NBV) operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.