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Prospect News home > News index > List of issuers A > Headlines for Asset Reconstruction (Co.) India Ltd. (Arcil) > News item |
Fitch downgrades Arcil
Fitch Ratings said it downgraded Asset Reconstruction Co. (India) Ltd.'s (Arcil) national long-term rating to A(ind) from A+(ind) with a negative outlook and downgraded its Rs. 2 billion bank loan facility to A(ind) from A+(ind).
Ratings reflect the evolving regulatory environment for the asset reconstruction industry in which Arcil is the largest operator, according to the agency.
The outlook reflects the ongoing uncertainty about accounting for management fees and expense reimbursements, and their influence on the business model and prospects in future, the agency said.
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