ICRA suspends ratings of Maytas Infrastructure

Economy Bureau
Posted: Tuesday, Jan 13, 2009 at 2303 hrs IST
Updated: Tuesday, Jan 13, 2009 at 2303 hrs IST

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New Delhi: Maytas Infra, ICRA had also highlighted its stressed liquidity position as well as it’s higher than anticipated debt levels. The significant planned investment in build-operate-transfer projects and the execution and operation risks associated with the Hyderabad Metro Rail Project and the Machlipatnam Port, where financial closure is yet to be achieved were also other factors for the downgrade. ...

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