Setco Automotive Ltd

📉 Setco Auto’s Credit Rating Downgraded by ICRA – Key Details

- ICRA downgraded Setco Auto’s Long-term Non-convertible Debentures (₹215 crore) from [ICRA] B-(Stable) to [ICRA] D.

- Another Long-term Non-convertible Debenture (₹350 crore) also downgraded from [ICRA] B-(Stable) to [ICRA] D.

- Proposed Long-term Non-convertible Debentures (₹20 crore) downgraded from [ICRA] B-(Stable) to [ICRA] D.

- Total rated amount unchanged at ₹585 crore.

- Full details available on ICRA’s website.