Sutlej Textiles downgraded to IND A- amid financial issues
pre-market1 source ↓written by the desknot a recommendation
- and a low
- 5.0x
- ratio projected between
- 1.0x-1.75x
India Ratings has downgraded Sutlej Textiles' Long-Term Issuer Rating to 'IND A-' from 'IND A', citing a Negative Outlook. Key factors include elevated leverage expected to exceed 5.0x and a low interest coverage ratio projected between 1.0x-1.75x. This may impact investor sentiment in the textile sector.
Not investment advice. For informational purposes only.