India Ratings Downgrades Aromatics India's Bank Loan Facilities to 'IND BBB+'; Places on Rating Watch with Negative Implications & Migrates to Non-Cooperating Category
India, July 7 -- India Ratings and Research (Ind-Ra) has downgraded Aromatics India Private Limited's (AIPL) bank loan facilities to 'IND BBB+' from 'IND A-' while placing the rating on Rating Watch with Negative Implications. The agency has simultaneously migrated the ratings to the non-cooperating category. The rating will now appear as 'IND BBB+/Rating Watch with Negative Implications (ISSUER NOT COOPERATING)' on the agency's website. The issuer has not made available critical information for the rating monitoring, despite continuous requests and follow-ups by the agency through emails and phone calls. Thus, the rating is based on the best available information. Therefore, investors and other users are advised to take appropriate caution...
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