India, Sept. 25 -- India Ratings and Research (Ind-Ra) has revised the Outlook on Suguna Foods Private Limited's (SFPL) bank loans and non-convertible debentures (NCDs) to Negative from Positive and has simultaneously migrated it 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. Therefore, investors and other users are advised to take appropriate caution while using these ratings.
Published by HT Digital Content Services with permission from Pivotal Sources....