The credit rating agency, CRISIL has downgraded rating assigned to Speciality Restaurants’ bank loan facilities worth Rs 60 crore. The agency has downgraded rating from ‘A/ Negative’ to ‘A-/Negative’ assigned to the company’s long-term bank facility. The agency has also downgraded rating from ‘A1’ to ‘A2+’ assigned to the company’s short-term bank facility.
Speciality Restaurants focuses on providing the guests an affordable fine dining experience with quality food and service in a modern ambience. The company’s restaurants consist of different restaurant concepts and are located across India, particularly in the western region. Its flagship brand is Mainland China which serves Chinese cuisine in a standalone fine dining setting.
