Comments
Shares of PC Jeweller may come under pressure as rating agency Crisil has downgraded its long-term and short-term ratings to the bank loan to Crisil D (default grade). As per the rating rationale, “the downgrade factors in instances of development of Letter of Credits and overutilisation of working capital limits for more than 30 days. The same is reflective of the fact that the liquidity profile of the group has deteriorated in the past few months on account of cash flow mismatches.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.