From India Ratings and Research
Minda Corporation announced that India Ratings and Research has upgraded the Company's Long Term Issuer Rating to IND A+ from IND BBB (suspended). The Outlook is Stable.Long term loans (Rs 88.04 crore) - IND A+/Stable (Upgraded from IND BBB)
Non fund based limits (Rs 79.36 crore) - IND A+/Stable (Upgraded from IND BBB) and Short term IND A1+ (Upgraded from IND A2)
Fund based limits (Rs 63.5 crore) - IND A+/ Stable (Upgraded from IND BBB) and Short term IND A1+ (Upgraded from IND A2)
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