Ashok Leyland receives revision in credit ratings from CARE
Ashok Leyland has received revision in credit ratings from CARE Ratings as follows -
Long term bank facilities (term loan Rs 500 crore) - CARE AA; Negative (revised from CARE AA+; Negative)
Long/ short term bank facilities (Rs 3700 crore) - CARE AA; Negative/ CARE A1+ (revised from CARE AA+; Negative/ CARE A1+)
Non convertible debentures (Rs 600 crore) - CARE AA; Negative (revised from CARE AA+; Negative)
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First Published: May 07 2020 | 9:03 AM IST