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ICRA suspends LD rating to NCD Prog of SVC Super Chem Ltd

Written by: Staff
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New Delhi, June 5 (UNI) Credit rating agency ICRA has suspended the rating of LD assigned to the Non-Convertible Debenture (NCD) Programme of SVC Super Chem Ltd (SVC).

The suspension follows ICRA's inability to carry out a rating surveillance with SVC not providing the relevant information as sought by the agency.

According to its suspension policy, ICRA may suspend any rating outstanding if in its opinion there is insufficient information to assess such ratingduring surveillance.

ICRA will withdraw the rating in case it remains under suspension for a period of three years.

UNI MP PV GC1845

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