The company's corporate family rating (CFR) was downgraded to Caa3 from Caa2.
Moody's also downgraded the rating of the company's bonds to Ca from Caa3. It has maintained a negative outlook on the new ratings.
"We view the debt restructuring as default avoidance and assess that the creditors have incurred an economic loss with respect to the original promise.
Diese Geschichte stammt aus der January 10, 2024-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der January 10, 2024-Ausgabe von Mint Mumbai.
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