Crisil has downgraded the fixed deposit programme of Asia Pacific Investment Trust from FB to FD which indicates expectations of default on maturity.
It has also downgraded the NCD/PCD programmes of the following companies: Shree Rajasthan Syntex for NCD from A to BBB+, Raashi Fertilizers for NCD from BB+ to C, Atlas Cycle Industries for NCD/PCD from A+ to A , Sterling Holiday Resorts for NCD from A+ to A-, Indian Dyestuff Industries for NCD from A to A- and for fixed deposit from FA+ to FA.