Ind-Ra Resolves Rating Watch with Developing Implications on Harman Cottex & Seeds' Bank Facilities; Assigns Negative Outlook; Migrates Ratings to Non-Cooperating Category

India, March 12 -- India Ratings and Research (Ind-Ra) has resolved the Rating Watch with Developing Implications on Harman Cottex & Seeds Private Limited's (HCSPL) bank facilities and assigned it a Negative Outlook while simultaneously migrating the ratings to the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency through phone calls and emails. Thus, the rating is based on the best available information.

Published by HT Digital Content Services with permission from Pivotal Sources....