From Brickwork Ratings
Mukand announced about revision/ downgrading and simultaneously withdrawal of credit ratings of various facilities of the Company as stated below:
Fund based (cash credit and term loan) - BWR B+; Stable (downgraded and withdrawn)
Fixed deposit - BWR FB+; Stable (downgraded and withdrawn)
Non fund based (LG/ BG) - BWR A4 (reaffirmed and withdrawn)
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