India Ratings Downgrades Bansal Ship Breakers's Bank Loan Facilities to 'IND BB+'/Stable

India, Nov. 12 -- India Ratings and Research (Ind-Ra) has downgraded Bansal Ship Breakers Private Limited's (BSBPL) bank loan facilities' long-term rating to 'IND BB+' from 'IND BBB-/Negative(ISSUER NOT COOPERATING)'and short-term rating to 'IND A4+' from 'IND A3(ISSUER NOT COOPERATING)' . The Outlook is Stable.

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