From India Ratings and Research
CG Power & Industrial Solutions announced that India Ratings and Research has upgraded the Company's Long Term Issuer rating to 'IND AA-' from 'IND D' (as attached). The Outlook is Stable. The instrument wise rating actions are as follows:
Term loans - IND AA-/Stable
Fund-based working capital limits - INDAA- / Stable/ IND A1+
Non-fund-based working capital limits - IND A1+
Commercial paper - IND A1+
Derivative limits - IND A1+
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