21 Jul 2022 , 02:47 PM
CARE Ratings has reaffirmed the rating assigned to the company’s Long Term Bank Facilities at ‘CARE A+’ with a Stable outlook on the same. Further, CARE reaffirmed the rating assigned to company’s Fixed Deposit at ‘CARE A+’ as well.
The company informed that its long-term bank facilities and fixed deposits have been removed from credit watch with developing implications and assigned a Stable outlook instead by CARE.
Ind-Ra has reviewed the term loans of the company and assigned an ‘IND A+’ rating with a Stable Outlook. The rating action implies Off RWE.
Ind-Ra rating for fund-based working capital Limits is reaffirmed at ‘IND A+/Stable/lND A1+’.
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