Machino Plastics credit rating downgraded to B/Stable by CRISIL
pre-market1 source ↓written by the desknot a recommendation
Machino Plastics has faced a credit rating downgrade by CRISIL, with its long-term facilities rating falling from Crisil BB+/Stable to Crisil B/Stable (Issuer Not Cooperating). This downgrade affects total bank loan facilities of ₹172.30 cr due to the company's non-cooperation in providing necessary financial information.
This action may raise concerns among investors and impact the company's borrowing costs, potentially affecting liquidity and operational capabilities.
Not investment advice. For informational purposes only.