Ruby Mills Ltd has informed BSE that the rating agency namely M/s. Credit Analysis and Research Limited (CARE) has based on the annual report of 2014-15 downgraded the Company?s rating which was due to certain minor mismatches in repayment due to certain mismatch in cashflow and in receipt from sales/Lease incomes from the development of Company?s mill land.
Currently the Company in the second half of this calendar year has concluded several lease/sale transactions which will with this development enable to take care of all its obligation in this year.
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