Rating agency ICRA has suspended the ratings assigned to Raju-family promoted company, Maytas Infra, following the 'recent developments at Satyam Computers'.
Rating agency ICRA has suspended the ratings assigned to Raju-family promoted company, Maytas Infra, following the 'recent developments at Satyam Computers'.
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ICRA has suspended the ratings of LBBB and A3 outstanding against the bank facilities and various debt programmes of MIL, a press release said here.
The government scrapped the board of Satyam Computer and appointed three new members, after Satyam's former-chairman, B Ramalinga Raju admitted financial bungling in the company's accounts.
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