GE Power India announced that ICRA vide letter dated 28 June 2022, revised the Long-term rating for Line of Credit as [ICRA]A from [ICRA]A+ and reaffirmed the outlook to Negative and the short-term rating for Line of Credit as [ICRA]A2+ from [ICRA]A1 of the Company. The reason for such downward revision is decline in the volume and inflationary pressure.Powered by Capital Market – Live News
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