ICRA downgrades

NEW DELHI, FEBRUARY 22: Rating firm, ICRA has downgraded the rating assigned to the Rs 150 crore CP programme of Crompton Greaves Ltd (CGL...

• February 23, 2000 12:00 AM IST
1 min read

NEW DELHI, FEBRUARY 22: Rating firm, ICRA has downgraded the rating assigned to the Rs 150 crore CP programme of Crompton Greaves Ltd (CGL) from A1 to A2" (A two plus).

The revised rating factors the current slack operating environment for CGL, the losses at the operating level and tight liquidity conditions for the company. However, the rating also takes into account CGL’s established position as a supplier of heavy electrical equipment and the improved performance of its consumer products and digital groups.

You have exhausted your
monthly limit of free stories.

Read more stories for free
with an Express account.

Register

Already have an account? Sign In

Read this and every other premium story with a digital subscription.

Buy now

Already a subscriber? Sign In

This premium article is free for now.

Register to continue reading this story

Free Read

Already have an account? Sign In

Read this and every other premium story with a digital subscription.

Buy now

This content is exclusive for our subscribers.

Subscribe now to get unlimited access to The Indian Express exclusive and premium stories.

Continue

Already a subscriber? Sign In