Care downgrades Ashok Leyland's bank facilities, debentures to AA with negative outlook
May 07, 2020
Mumbai (Maharashtra) [India], May 7 : Care Ratings has downgraded Ashok Leyland's bank facilities totalling Rs 4,200 crore and debentures from AA-plus to AA with a negative outlook due to falling demand of commercial vehicles in the backdrop of coronavirus pandemic led economic slowdown.