Asia
CARE Downgrades Rating on Gujarat Alkalies' Long-term Bank Financing to AA-; Outlook Stable
CARE Ratings downgraded its long-term bank financing rating on Gujarat Alkalies and Chemicals (NSE:GUJALKALI, BOM:530001) to AA- from AA, while affirming the A1+ rating on the company's short-term bank financing.The rating outlook is stable, according to a Thursday filing.Shares of the company fell nearly 2% in recent trade.
BOM:530001NSE:GUJALKALI
