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CARE revises ratings of C&C Constructions’ bank facilities

20 Mar 2014 Evaluate

Credit rating agency, CARE has revised rating of C&C Constructions’ long term bank facilities worth Rs 942.17 crore to ‘D’ from ‘C’. The rating agency has also revised rating of company’s Long-term/Short-term Facilities worth Rs 675.13 crore to ‘D’ from ‘C/ A4’.

The revision in the ratings takes into account the ongoing delays in servicing of the company’s debt obligations on account of the stretched liquidity position and continuing operating losses.

C&C Construction is a medium-sized construction company engaged in Engineering, Procurement and Construction services for infrastructure projects in the construction of highways, airport runways, bridges, water sewerage, sanitation, buildings and power transmission.

C&C Constructions Share Price

2.36 0.00 (0.00%)
27-Oct-2022 18:59 View Price Chart
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