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India Ratings & Research (Ind-Ra) has upgraded Genus Power Infrastructures (GPIL) long-term issuer rating to 'A' from 'A-'. The outlook is stable. GPIL's net adjusted financial leverage declined to 2.4x in FY14 (year end March) from 3.2x in FY13, due to higher EBITDA margins, lower working capital use because of an improvement in debtor days and repayment of long-term loans.
India Ratings & Research (Ind-Ra) has affirmed G... More..