India Ratings revises Nila Infrastructures Outlook to Negative

India Ratings and Research has revised Nila Infrastructures Limited’s Outlook to Negative from Stable. The Outlook revision reflects Ind-Ratings expectation that the company's net leverage will remain high in FY17, after deteriorating to 5.6x in FY16 due to low EBITDA margin and increasing scale of operations. The company had an unexecuted order

India Ratings affirms IRB Jaipur Deoli Tollway’s loans at ‘IND BBB-’

India Ratings and Research has affirmed IRB Jaipur Deoli Tollway Private Limited’s (IRBJD) Rs. 7,000m long-term senior project bank loans (outstanding Rs. 6,825m on 30 June 2016) and USD39.723m (outstanding USD38.77m on 30 June 2016) external commercial borrowing facility at 'IND BBB-' with a Stable Outlook. The affirmation reflects limited revenue