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Why did SEBI close down Brickwork Ratings?

Finshots Daily

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Syntax Plastic Technology Limited's Credit Ratings Have Been Downgraded

Syntax plastic technology limited defaulted on some of its borrowings. Sebi said that BWR's behavior was in complete disregard of what's expected from a CRA. SEBI also laid to declare fresh ratings when reliance capital Bhushan steel limited, Gayatri products limited, Diamond Power infrastructure limited, and Z entertainment enterprises limited defaultedon obligations.

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