News From Press Debt funds holding JSPL bonds crash after Crisil downgrade

Debt funds holding JSPL bonds crash after Crisil downgrade

Source: Economic Times Feb 17, 2016

Debt funds holding bonds issued by the Jindal Steel & Power Ltd (JSPL) suffered a steep fall on Tuesday after CrisilBSE -0.52 % downgraded the company's credit rating to A4+ from A3+, indicating a negative outlook. The company has long-term debt of almost Rs 34,976 crore and debt mutual funds hold around Rs 3,000 crore worth of bonds.

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