Epic Research

Tuesday, April 23, 2013

Epic Update : Assam Company

Assam Company’s long term bank facilities worth Rs 464.65 crore to ‘D’ from ‘BB’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 30.00 crore to ‘D’ from ‘A4’. The revision in the ratings of the company takes into account ongoing delays in debt servicing amidst non operation of the Oil & Gas division.

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