Amtek Euro Debt Downgraded as S&P Sees Up to 50% Potential Loss

  • Amtek Auto's stock has tumbled almost 72 percent this year
  • JPMorgan says it has no comment on the ratings downgrade

Standard & Poor’s cut the credit score on the euro-denominated loans at Amtek Auto Ltd.’s Singapore-based unit to a level deemed distressed on concern its parent company in India may default amid a heightened liquidity crunch.

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