India, Jan. 27 -- India Ratings and Research (Ind-Ra) has revised the Outlook on River Front Developers Private Limited's (RFDPL) bank facilities to Negative from Stable and has simultaneously migrated the rating 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. Therefore, investors and other users are advised to take appropriate caution while using the rating.
Published by HT Digital Content Services with permission from Pivotal Sources....