Non cooperation by Issuer
CRISIL Ratings has been consistently following up with Deep Industries (DI) for obtaining information through letter and email dated January 05, 2024 among others, apart from telephonic communication. However, the issuer has remained non cooperative.
‘The investors, lenders and all other market participants should exercise due caution with reference to the rating assigned/reviewed with the suffix ‘ISSUER NOT COOPERATING’ as the rating is arrived at without any management interaction and is based on best available or limited or dated information on the company. Such non co-operation by a rated entity may be a result of deterioration in its credit risk profile. These ratings with ‘ISSUER NOT COOPERATING’ suffix lack a forward looking component.’
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