Forbes & Company announced that ICRA has revised the credit ratings of the company as follows -
Long term based limits - ICRA BB+; Negative (Revised from ICRA BBB+; Negative)
Short term based limits - ICRA A4+ (Revised from ICRA A2)
Short term non-fund based limits - ICRA A4+ (Revised from ICRA A2)
Unallocated limits - ICRA BB+; Negative / ICRA A4+ (Revised from ICRA BBB+; Negative / ICRA A2)
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