12-06-2025
- Business
- Business Standard
Spandana Sphoorty Financial receives downgrade in credit ratings
From ICRA RatingsSpandana Sphoorty Financial announced that ICRA Ratings has downgraded rating to A- (Negative), for existing instruments of the Company as detailed below: Long term fund based - Term loan (Rs 2105 crore) - ICRA A- (Negative); downgraded from ICRA A (Negative)Non convertible debentures (Rs 423 crore) - ICRA A- (Negative); downgraded from ICRA A (Negative)Powered by Capital Market - Live News
