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Why did SEBI close down Brickwork Ratings?

Finshots Daily

Syntax Plastic Technology Limited's Credit Ratings Have Been Downgraded

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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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