From India Ratings and Research
IFB Industries announced that India Ratings and Research (Ind-Ra) has upgraded the Company's long term issuer ratings to IND A+ from INA A. The Outlook is Stable.IFB's Ratings -
Long term loan (Rs 30 crore) IND A+; Outlook Stable (assigned)
Fund based limits (Rs 35 crore) IND A+/ Stable and IND A1+/ Stable (upgraded from IND A and IND A1)
Non-fund based limits (Rs 90 crore) IND A1+ (upgraded from IND A1)
Letter of Credit (Rs 31 crore) IND A+ (upgraded from IND A); Outlook Stable
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