CRISIL downgrades Lanco Infratech rating to BB
Rating agency CRISIL has downgraded ratings of Lanco Infratech Ltd to BB from BBB-. The rating downgrade reflects limited time available to build liquidity to meet large debt repayments (Rs 700 crore) between October 2012 and January 2013, CRISIL said in a statement.
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First Published: Aug 08 2012 | 12:13 AM IST