GMM Pfaudler announced that CRISIL has removed the Ratings from 'Watch with Developing Implications'. It has reaffirmed the rating of the bank facilities/debt instruments of the Company and assigned an outlook to the long -term rating as under:
Total Bank Loan Facilities Rated Rs. 200 crore (enhanced from Rs. 100 crore)
Long Term Rating - CRISIL AA-/ Stable
Short Term Rating - CRISIL A1+
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