IRIS Business Services gets downgrade in credit ratings

From India Ratings and Research

IRIS Business Services announced that India Ratings and Research (Ind-Ra) has downgraded the company's Long-Term Issuer Rating to 'IND B / Stable' from 'IND BB- / Stable' as follows:

Fund-based working capital Limits - IND B / Stable / IND A4 (Downgraded)
Non-fund-based working capital limits - IND A4 (Downgraded)
Long term loan - IND B / Stable (Downgraded)
Forward contract limits - IND A4 (Downgraded)

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