CRISIL has downgraded its ratings on the bank facilities and debt programmes of NCC to 'D/D' from 'BB+/Negative/A4+'. The downgrade reflects delays in debt servicing by NCC.

The ratings downgrade reflect delay by NCC in meeting its debt servicing obligation. The delay has been caused by the group's weak liquidity, mainly on account of sustained high debt levels with continued pressure on its profitability and cash accruals.

Shares of the company gained Rs 1.3, or 2.68%, to settle at Rs 49.75. The total volume of shares traded was 1,847,285 at the BSE (Tuesday).