Brief: Anik Industries Says Care Rating Downgrades Co's Long Term Bank Facilities To 'C' From 'B+'

Anik Industries

09/07/2019 11:37

July 9 (Reuters) - Anik Industries Ltd  ANIK.NS :
    * CARE RATING DOWNGRADES CO'S LONG TERM BANK FACILITIES TO
'C'
FROM 'B+'
    * SAYS DOWNGRADES ON ACCOUNT OF DETERIORATION IN ITS
LIQUIDITY DUE
TO CASH LOSS REPORTED IN FY19
    * SAYS DOWNGRADES ON ACCOUNT OF ALMOST FULL UTILIZATION OF
ITS
WORKING CAPITAL LIMITS

Source text: http://bit.ly/2S1GCDq
Further company coverage:  ANIK.NS 

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