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care revises credit ratings of mercator
Mercator announced that Care Ratings (CARE) has revised the Company's rating for long-term bank facilities and short-term bank facilities as below:

i. Long-term bank facilities- Long Term Loan- Revised from ''D'' TO ''D ISSUER NOT COOPERATING''

ii. Long-term bank facilities- Cash Credit revised from ''D'' TO ''D ISSUER NOT COOPERATING''

iii. Long-term bank facilities- Letter of Credit revised from ''D'' TO ''D ISSUER NOT COOPERATING''

iv. Short-term bank facilities- Revised ''D'' TO ''D ISSUER NOT COOPERATING''

As per CARE, Mercator has not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. The rating on Mercator's bank facilities will now be denoted as CARE D; ISSUER NOT COOPERATING.

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Left Decrease Increase Right SEBI Equity Reg. No.: INZ000193033   |   Regn. No. NSE: INB/INF/INE 230881235   |   BSE: INB/INF/INE 010881234   |   SEBI Commodity Reg. No.: INZ000028539   |   Membership No.: MCX-10705, NCDEX-0016, ICEX-3003  |   Dubai Gold and Commodity Exchange (DGCX)-3035   |   Indian Energy Exchange (IEX)- Electricity Trading N2DLOAIL0000  |   NSDL- DP ID: IN-DP-NSDL-14-96   |   CDSL DP ID: IN-ID-CDSL-43-99
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