Mumbai, June 12 -- Spandana Sphoorty Financial announced that CARE Ratings has downgraded rating has downgraded rating to CARE A- (Stable), for existing instruments of the Company.

Long term rating (Rs 800 crore) - CARE A- (Stable); downgraded from

CARE A Negative

Non convertible debentures (Rs 500 crore) - CARE A- (Stable); downgraded from CARE A Negative

Non convertible debentures (Rs 200 crore) - CARE A- (Stable); downgraded from CARE A Negative

Commercial paper (Rs 100 crore) - CARE A2+; downgraded from CARE A1

Published by HT Digital Content Services with permission from Capital Market....