3 Aug 2022 , 03:12 PM
CRISIL has downgraded the long-term rating to ‘CRISIL BBB+’ from the existing ‘CRISIL A-’. The outlook has been revised to Stable from Negative.
Further, the rating agency has also downgraded the rating assigned to the company’s short-term bank facilities. It has been assigned a new rating of ‘CRISIL A2’ from the previous ‘CRISIL A2+’ rating.
CRISIL reviewed total bank facilities worth Rs100 crore of the company.
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