Suryalakshmi Cotton Mills Limited: Ratings downgraded to [ICRA]BB/[ICRA ...
The rating action considers the continued modest operating performance of Suryalakshmi Cotton Mills Limited (SCML) in the recent quarters and the expected pressure on revenues and earnings in H1 FY2021, on account of the headwinds faced across product segments. The ratings remain on watch with negative implications, given the