GP Petroleums receives downgrade in ratings for bank facilities

From CRISIL

Dec 26, 2019 10:12 IST capital market

GP Petroleums announced that CRISIL has revised the ratings for the companys bank facilities as under -

Total Bank Loan Facility Rated Rs. 220 crore
Long-Term Rating - CRISIL BBB+/Stable (Downgraded from CRISIL A- /Negative)
Short-Term Rating - CRISIL A2 (Downgraded from CRISIL A2+)

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