From ICRA
Rane Brake Lining announced that ICRA has revised the company's credit ratings as follows -a.Upgraded - for the Rs. 165.32 crore line of credit - long term rating to [ICRA] AA- (pronounced as ICRA double A Minus) from [ICRA]A+ (pronounced ICRA A plus) with revision of outlook from 'Positive' to 'Stable';
b.re-affirmed - short term rating [ICRA] A1+ (pronounced as ICRA A one plus); and c.re-affirmed for the Rs.30 crore commercial paper programme - the credit rating [ICRA]A1+ (pronounced as ICRA A One plus). Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content