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United Kingdom

Anik Industries Says Care Rating Downgrades Co's Long Term Bank Facilities To 'C' From 'B+'


Tuesday, 9 Jul 2019 

July 9 (Reuters) - Anik Industries Ltd ::CARE RATING DOWNGRADES CO'S LONG TERM BANK FACILITIES TO 'C' FROM 'B+'.SAYS DOWNGRADES ON ACCOUNT OF DETERIORATION IN ITS LIQUIDITY DUE TO CASH LOSS REPORTED IN FY19.SAYS DOWNGRADES ON ACCOUNT OF ALMOST FULL UTILIZATION OF ITS WORKING CAPITAL LIMITS. 

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