Phoenix Mills announced that India Ratings and Research has placed the company's Long-Term Issuer Rating of 'IND A+' on Rating Watch
Negative (RWN). The outlook was Stable. The instrument-wise rating actions are given below:
Fund-based working capital facilities - IND A+/RWN/IND A1+/RWN
Term loans - IND A+/RWN
Commercial paper - IND A1+/RWN
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