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Tag Archives: Lanco Infratech

CRISIL affirms default ‘D’ rating to Lanco Infratech for bank loans

Rating agency CRISIL has affirmed the default ‘D’ rating for bank loans to Lanco Infratech, a debt-laden construction company against whom lenders have begun insolvency proceedings. The rating continues to reflect delays in meeting debt obligations. The delays were due to weak liquidity, and the rating is based on limited ... Read More »