CARE Ratings has downgraded the credit rating of the Non-Convertible Debenture (NCD) Issue (Series XXV - A and XXV - B) of
Future Enterprises Limited to CARE D from the previous rating of CARE C.
“Rating removed from credit watch with developing implications. Downgraded on account of the default in payment of NCO Interest,” the company shared rating rationale from CARE in a regulatory filing on Friday.
Future Enterprises Ltd trade ended at Rs11.20 per piece down by Rs0.04 or 0.36% on the BSE.
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