CRISIL downgrades ratings on Jai Balaji Industries' bank facilities

Jai Balaji Industries has received downgrade in credit ratings for bank facilities as under:

Total bank facilities rated - Rs 995 crore
Long term rating - CRISIL BBB/ Stable (downgraded from CRISIL BBB+/ Stable)
Short term rating - CRISIL A3+ (downgraded from CRISIL A2)