--Hindalco Industries' Term Loans, Cash Credit Get Higher Ratings by Crisil

Summary

---

M2 EQUITYBITES-February 14, 2011--Hindalco Industries' term loans, cash credit get higher ratings by CRISIL

(C)1994-2011 M2 COMMUNICATIONS http://www.m2.com

See the full content of this document

Extract

---

--Hindalco Industries' Term Loans, Cash Credit Get Higher Ratings by Crisil

14 February 2011 - Indian rating agency CRISIL today raised the ratings on the term loans and cash credit/overdraft of Hindalco Industries Ltd (BOM:500440) to AA+/"stable" from AA/"positive".

The agency issued the following press release:

Rs.51.43 Billion Rupee Term Loans AA+/Stable (Upgraded from 'AA/ Positive')

Rs.5.50 Billion Cash Credit/Overdraft* AA+/Stable (Upgraded from 'AA/Positive')

Rs.60.00 Billion Short-Term Bank Facilities# P1+ (Reaffirmed)

Rs.8.70 B...

See the full content of this document

---