From THE HINDU group of publications
Sunday, September 03, 2000
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From THE HINDU group of publications Sunday, September 03, 2000 |
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Liberty Shoes CP gets A1+ rating
ICRA has assigned a A1+ rating to the Rs. 5-crore commercial paper programme of Liberty Shoes Ltd. The rating factors in the established position of Liberty Shoes in the domestic shoe industry and profitable operations, which, coupled with low gearing, have resulted in healthy coverage indicators. The rating also factored in the financial flexibility available to LSL, by way of unutilised bank limits.
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