IFCI receives downgrade in credit ratings from Brickwork Ratings

IFCI has received revision in credit rating from Brickwork Ratings as under:

Long term debt instruments - BWR BBB-; Negative (downgraded from BWR BBB+; Negative)

Proposed NCD - BWR BBB-; Negative (downgraded from BWR BBB+; Negative)

Secured NCD - BWR BBB+; Negative (downgraded from BWR A+; Negative)

Proposed commercial paper - BWR A3+ (downgraded from BWR A2+)

Powered by Capital Market - Live News