-
ALSO READ
Brickwork Ratings lowers outlook for Future Retail's proposed NCDs to negative
JSW Energy gains after BWR reaffirms rating on commercial papers
Revenue cuts to DAE could hit nuclear fuel import, payment to KKNPP vendors: official to par panel
France to shut down oldest nuclear complex by end of June
DAE should adopt home-grown 700 MW heavy water reactors: Par Panel
-
Future Retail announced that Brickwork Ratings India has revised the ratings for the proposed NCD from BWR A+ (under credit watch with negative implications) to BWR A (under credit watch with negative implications) and simultaneously withdrawn.
Revised rating due to weakening of the profitability and liquidity due to the lockdown being extended.
Further, the rating was withdrawn at the request of the Company as the Company do not propose to raise the proposed NCD and not utilise rating.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU