Laxmi Organic Industries announced that India Ratings and Research Ind-Ra has upgraded Laxmi Organic Industries LOIL Long-Term Issuer Rating to IND AA- from IND A The Outlook is Stable The instrument-wise rating actions are as follows Term loans – IND AA-Stable upgraded Fund based working capital facility – IND AA- Stable; IND A1 long term rating upgraded; short term rating affirmed Non fund based working capital facility – IND A1 affirmed Commercial paper – IND A1 affirmed
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