INDIA RATINGS: Royal Tyres Downgraded to B
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Royal Tyres
- Long-term fund-based facilities cut to B from B+ at ICRA
- Cites decline in revenues over the last four years due to weak demand in export market primarily in European countries
Source: BFW (Bloomberg First Word)
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UUID: 7947283