ICRA downgrades long term rating of Dwarikesh Sugar Industries

Credit rating agency, ICRA has downgraded the long term rating of Dwarikesh Sugar Industries from ‘BB+’ to ‘D’. Earlier in February, the rating agency downgraded the long term rating of the company from ‘BBB’ to ‘BB+’ together with its outlook on the company's long term rating from stable to negative.

Dwarikesh Sugar Industries is an integrated conglomerate, primarily engaged in manufacture of sugar and allied products.