CRISIL lowers Ellora Paper Mills to B-/negative.

(ADPnews) - Dec 21, 2010 - CRISIL yesterday said it had cut the rating on the bank facilities of Ellora Paper Mills Ltd (BOM:502374) to B-/negative from BB/negative.

The agency issued the following press release:

Rs.20.0 Million Long-Term Loan B-/Negative (Downgraded from aBB/Negative')

Rs.90.0 Million Cash Credit B-/Negative (Downgraded from aBB/Negative')

Rs.32.5 Million Proposed Long-Term Loan B-/Negative (Downgraded from aBB/Negative')

CRISIL has downgraded its rating on the bank facilities of Ellora Paper Mills Ltd (EPML) to aB-/Negative' from aBB/Negative'.

The downgrade reflects the deterioration in EPML's liquidity and …