Icra downgrades Shapoorji Pallonji on muted sales, continued cost pressure

Rating agency ICRA has downgraded Shapoorji Pallonji and Company's (SPC's) fund-based limit from AA+ to AA and placed it 'under watch'. The rating action is a sequel to muted sales and continued cost pressure. This has led to weak performance of the ...

Rating agency ICRA has downgraded Shapoorji Pallonji and Company's (SPC's) fund-based limit from AA+ to AA and placed it 'under watch'. The rating action is a sequel to muted sales and continued cost pressure. This has led to weak performance of the ... https://ift.tt/2RhE6rE November 26, 2018 at 10:15AM