Brief: Sical Logistics Says ICRA Revised Co's Ratings
07/08/2019 12:37
Aug 7 (Reuters) - Sical Logistics Ltd SICA.NS :
* ICRA REVISED RATINGS TO BB+ NEGATIVE /A4 FROM BBB+/A2 FOR
LONG
TERM LOANS AND SHORT TERM FUND AND NON-FUND BASED FACILITIES
RESPECTIVELY
* DOWNGRADE DUE TO DEMISE OF PROMOTER, LEADING TO
CONSTRAINED
FINANCIAL FLEXIBILITY & INCREASED REFINANCING RISK FOR ENTIRE
GROUP
Source text: http://bit.ly/2YMJcTt
Further company coverage: SICA.NS
((Reuters.Briefs@thomsonreuters.com;))
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