Epic Research

Thursday, June 27, 2013

Epic Update : Zenith Birla


stock tips epic researchZenith Birla’s long term bank facilities to ‘D’ from ‘BB’. The rating agency has also downgraded rating of the company’s short term bank facilities to ‘D’ from ‘A4’. The company has received the rating downgrades due to ongoing delays in interest servicing and frequent instances of LC devolvement by the company.   

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