CARE downgrades JPVL’s long-term bank facilities

By: | Published: July 27, 2016 6:16 AM

CARE has downgraded the long-term bank facilities of Jaiprakash Power Ventures (JPVL) to default rating or ‘D’ from an earlier ‘B’ rating.

CARE has downgraded the long-term bank facilities of Jaiprakash Power Ventures (JPVL) to default rating or ‘D’ from an earlier ‘B’ rating. While the default rating of long-term bank facilities of R12,241.53 crore was re-affirmed, CARE downgraded R656.5 crore and R2,272.46 crore bank facilities of the company to default.

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