IFGL Refractories announced that ICRA has upgraded the long-term rating to ICRA AA- (pronounced ICRA double A minus) from ICRA A+ (pronounced ICRA A plus), assigned to the Rs. 173.00 crore Line of Credit (LOC) of the Company. The outlook on the long-term rating is 'Stable'. The short-term rating for the captioned LOC has been reaffirmed at
ICRA A1+ (pronounced ICRA A one plus).
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