Sical Logistics announced that ICRA has downgraded the ratings to [ICRA] D / D From
[ICRA] BB+ [Negative] / A4 for Long Term Loans and Short term fund and non-fund based
facilities respectively. Similarly, Brickwork Ratings have downgraded the ratings to
BWR D / D from BWR BB-/A4 respectively for the fund based and non-fund based facilities
availed by the Company. As per the credit rating agencies, the revision is due to delays in
debt servicing on the term loans due in August, 2019 awaiting the consent of lenders by
the company for deferment of payment as was sought.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
