Reliance Capital Says its Debt Servicing to be Delayed Due to Rating Downgrade by CARE Last Year

CARE had downgraded RCap's long-term debt programme, market linked debentures and subordinated debt due to delay in payment of interest. RCap had said the rating agency's action was unwarranted as there was no overdue on principal or interest payment to any lender.

from Top Business News- News18.com https://ift.tt/2AMaI9Z

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