Pearl Polymers announced that India Ratings & Research has downgraded the rating of the Company and the outlook is negative.
The instrument-wise rating actions are as follows:
Fund-based working capital limit - IND BB-/Negative/IND A4+ (Long term downgraded; short term reaffirmed)
Non-fund-based working capital limit IND BB-/Negative/ IND A4+ (Long term downgraded; short term rating affirmed)
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