Sangam India Ltd

📉 Sangam (India) Ltd Faces Credit Rating Downgrade – Key Details

- Credit rating downgraded by India Ratings & Research to 'IND A-/Stable' and 'IND A2+' (from 'IND A/Negative' and 'IND A1').

- Total impacted bank loan facilities: ₹17,650 million.

- Affects fund-based & non-fund-based working capital limits and term loans.

- Banks involved: State Bank of India, Punjab National Bank, IDBI Bank, Central Bank of India, EXIM Bank, UCO Bank, and Canara Bank.

- New rating outlook: 'Stable'.