MERCATOR

Mercator Limited has informed the Exchange regarding Credit Rating

Mercator Limited has informed the Exchange regarding Credit Rating

Mercator Limited has informed the Exchange regarding Credit Rating

Mercator Limited has informed the Exchange regarding Credit RatingThis is to inform you that Care Ratings Limited (CARE) has revised Company��s rating for long term Bank facilities to ��CARE BBB�� (CARE Triple B) and for short term Bank facilities to ��CARE A3�� (CARE A Three). As per CARE, the ratings have been revised on account of decline in scale of operations and incurrence of losses during FY18 and lower than expected cash accruals. This is mainly on account of disruptions in the coal operations for around five months of FY18 as well as weak performance of dredging segment. The debt cov

Mercator Limited has informed the Exchange regarding Credit Rating This is to inform you that Credit Analysis and Research Ltd. (CARE) has reaffirmed the rating of ��CARE BBB+�� (CARE Triple B Plus) assigned to long term Bank Facilities and NCDs while rating for short term bank facilities remains unchanged i.e. CARE A3+ (CARE A Three Plus). The outlook has been revised from stable to negative on account of decline in scale of operations and profitability, resulting in lower than expected cash accruals. The outlook will be revised to ��stable�� when the Company will normalize its coal operation

Mercator Limited has informed the Exchange regarding Credit Rating

Mercator Limited has informed the Exchange regarding Revision of Credit Ratings.

Mercator Limited has informed the Exchange that the Credit Analysis & Research Limited (CARE) has revised its rating for facilities availed by the Company.

Mercator Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has assigned "CARE A" rating to Long-term facilities and "CARE A1" rating to the short term facilities of the Company.

Mercator Lines Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has assigned "CARE A+" (Single A plus)" rating to Long-term facilities and "CARE A1+ (A one Plus)" rating to the short term facilities of the Company.

Mercator Lines Limited has informed the Exchange that " Credit Analysis & Research Ltd. (CARE) has reaffirmed 'CARE AA' (Double A) rating to all the outstanding secured redeemable Non Convertible Debentures (NCDs) issued by the Company as well as granted 'CARE AA' (Double A) rating to the long term borrowings of the company. CARE has also assigned 'PR1+' (PR One Plus) rating to the short term proposed facilities of the Company".

Mercator Lines Limited has informed the Exchange that Credit Analysis & Research Ltd., (CARE) have reaffirmed "CARE AA" (Double A) rating to all the existing Secured Redeemable Non- convertible Debentures (NCDs); Term Loans and Preference shares of the Company. CARE have also reaffirmed PR1+ (PR One Plus) rating to the proposed issue of short term NCDs for a maturity not exceeding one year.

Mercator Lines Limited has informed the Exchange that Credit Analysis & Research Ltd., (CARE) have reaffirmed "CARE AA" (Double A) rating to all the existing Secured Redeemable Non-convertible Debentures (NCDs) and Preference shares issued by the Company as well as granted "CARE AA" rating to its proposed issue of further NCDs. CARE has also granted PR1+ (PR One Plus) rating to the proposed issue of short term NCDs for a maturity not exceeding one year.