ICRA suspends ratings of Maytas Infra

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'.

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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