From India Rating and Research
Sadbhav Infrastructure Project announced that India Ratings and Research has revised the credit rating Outlook from Stable to Negative and affirming Long Term Rating at 'IND A-' as detailed below:
Proposed non-convertible debentures (Rs 200 crore) - IND A-/Negative
Non-Convertible Debenture (Rs 350 crore) - IND A-(CE)/Negative
Non-fund-based limits (Rs 300 crore) - IND A-/Negative/IND A2+
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