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Spandana Sphoorty Financial downgraded by CareEdge, ICRA after Q3 results

CareEgde Ratings and ICRA Ratings have downgraded Spandana Sphoorty Financial‘s various debt instruments by a notch following the microfinance company’s dismal third quarter numbers.

Spandana has faced early redemption pressure from bond holders for about Rs 200 crore till December after it…

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