Crisil Downgrades Asia Pacific Fd

Crisil has downgraded the fixed deposit programme of Asia Pacific Investment Trust from FB to FD which indicates expectations of default on maturity.

It has also downgraded the NCD/PCD programmes of the following companies: Shree Rajasthan Syntex for NCD from A to BBB+, Raashi Fertilizers for NCD from BB+ to C, Atlas Cycle Industries for NCD/PCD from A+ to A , Sterling Holiday Resorts for NCD from A+ to A-, Indian Dyestuff Industries for NCD from A to A- and for fixed deposit from FA+ to FA.