Brickwork Ratings moves Ganesh Housing Corporation Ltd's rating to BWR B- Negative issuer not cooperating Posted On: 2021-02-25 08:48:48 (Time Zone: Arizona, USA) Brickwork Ratings India Pvt. Ltd. vide its letter dated 24th February, 2021 published on its website, has moved the ratings of bank loan facilities (long term) of Ganesh Housing Corporation Ltd from BWR BB- (Negative) to BWR B- Negative Issuer not cooperating. Brickwork's observations, state that the down grade in the rating is mainly due to further deterioration in operating performance of the company for 9M FY21 leading to EBITDA losses, substantial deterioration in coverage indicators impacting the cash flows and creating uncertainties on the scheduled debt repayment.