India Ratings and Research (Ind-Ra) has downgraded RSWM's Long-Term Issuer Rating to 'IND A-' from 'IND A' . The Outlook is Negative.
The instrument-wise rating actions are given below:
Term loans - IND A-/Negative (downgraded)
Fund based limits - IND A-/Negative/ IND A1 (long term rating downgraded; short term rating reaffirmed)
Non fund based limits - IND A-/Negative IND A1 (long term rating downgraded; short term rating reaffirmed)
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