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CARE revises rating of Assam Company’s bank facilities

23 Apr 2013 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Assam Company’s long term bank facilities worth Rs 464.65 crore to ‘D’ from ‘BB’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 30.00 crore to ‘D’ from ‘A4’. The revision in the ratings of the company takes into account ongoing delays in debt servicing amidst non operation of the Oil & Gas division.

Assam Company India is primarily engaged as tea cultivator in India. Besides tea plantation, the company is also engaged in the business of infrastructure and oil and gas exploration.

Assam Company India Share Price

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