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Reliance Chemotex Industries gets ratings downgrade for LoC

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Capital Market
Last Updated : Jun 23 2016 | 8:01 PM IST

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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First Published: Jun 23 2016 | 7:33 PM IST

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