- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
India Ratings (Ind-Ra) downgraded Sutlej Textiles' Long-Term Issuer Rating to 'IND A' (Negative Outlook) from 'IND A+'. Long-term bank loan facilities (1,346.51 Cr) also dropped to 'IND A'; short-term ratings (up to 760 Cr) are affirmed. The downgrade stems from anticipated lower EBITDA growth and planned debt-funded capex (~650 Cr), which will keep leverage elevated and interest coverage low.
All announcements from Sutlej Textiles and Industries Limited