India Ratings Downgrades Standard Infratech India's Bank Facilities to 'IND BB+'/Negative(ISSUER NOT COOPERATING)'

India, Oct. 6 -- India Ratings and Research (Ind-Ra) has downgraded Standard Infratech India Private Limited's (SIIPL) bank facilities' ratings to 'IND BB+/Negative(ISSUER NOT COOPERATING)' from 'IND BBB-/Negative(ISSUER NOT COOPERATING)'. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency through emails and phone calls. Thus, the rating is based on the best available information.

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