Sadbhav Infrastructure Projects receives revision in credit ratings from CARE

Sadbhav Infrastructure Projects announced that CARE has revised its credit ratings as follows:

Non convertible debentures (Rs 150 crore) - CARE BBB+ (CE) (Under Credit watch with Negative Implications)

Non convertible debentures (Rs 89.20 crore) - CARE BBB+ (CE) (Under Credit watch with Negative Implications)

Non convertible debentures (Rs 110.80 crore) - CARE BBB+ (CE) (Under Credit watch with Negative Implications)

Long-term / short-term bank facilities (Rs 400 crore) - CARE BBB+ / CARE A3+ (Under Credit watch with Negative Implications)

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