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IOC, Religare ratings cut

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BS Reporter Mumbai
Last Updated : Jan 25 2013 | 4:04 AM IST

Icra, has assigned a ‘negative’ rating to the state-run Indian Oil Corporation’s long term bonds programme on apprehensions that its gross under recoveries could be as high as Rs 1,70,000 crore in the current financial year. Icra has also revised outlook on Religare Finvest Ltd’s long-term ratings to negative.

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First Published: Aug 28 2012 | 12:21 AM IST

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