Jaysynth Dyechem debentures downgraded: The Rs 12-crore non-convertible debenture issue of Jaysynth Dyechem Ltd has been downgraded to BBB on account of the continued downtrend in the dyes industry which has led to a decline in realisations, Crisil said. The rating also factors the significant deterioration in Jaysynth's financial risk profile asmanifest in its capital structure and interest cover.

Four-day fixed-rate repos tomorrow: The Reserve Bank has announced four-day 8 per cent fixed-rate repos in government of India dated securities on Thursday for parties holding SGL and current accounts with it at Mumbai. The applications may be accepted fully or partially. Payment by applicants will be on Thursday and the repurchase by the central bank on January 25.

Jindal Photo debt plan rating: The P1+ rating assigned to the commercial paper programme of Jindal Photo Films Ltd has been enhanced to Rs 25 crore by Crisil. The rating continues to factor the market leadership position of the company in photo film rolls and photographic colour paper. The rating also takes into account the company's favourable capital structure and strong liquidity position, offset to some extent by the financial support extended by the company to other group companies.

Three-day repos results: The Reserve Bank did not receive any application for thethree-day 8 per cent fixed-rate repos held on Tuesday.

Crisil downgrades Rico Auto debt rating: Crisil has downgraded the rating assigned to the Rs 6-crore non-convertible debenture programme of Rico Auto Industries Ltd from A- to BBB. The downgrade is in view of the relatively strained capital structure, high debt funding of expansion project which is likely to further impact the gearing and coverage levels, significant exposure to its group company and recessionary conditions prevailing in the auto industry.

Whirlpool debentures rating retained: Icra has retained the LBBB rating assigned to the Rs 15.55-crore non-convertible debenture programme of Whirlpool of India Ltd, indicating moderate safety. The company has recorded substantial losses for the third consecutive accounting period ended December 31, 1998. The erosion in networth on account of losses has been offset partially by the amalgamation with Whirlpool Financial India Pvt Ltd.