Reliance Chemotex Industries gets ratings downgrade for LoC

From ICRA

Reliance Chemotex Industries announced that ICRA has downgraded the long term rating for Rs 122.92 crore line of credit from ICRA BBB to ICRA BBB-. The outlook on the long term rating has been revised to 'Negative' from 'Stable'. ICRA has also downgraded the short term rating for the line of credit from ICRA A3+ to ICRA A3.

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