From India Ratings & Research
India Glycols announced that India Ratings & Research has upgraded the company's long term issuer rating to IND BBB+ from IND BBB and the outlook is Stable. The instrument-wise ratings are as follows -
Fund based limit - IND BBB+/ Stable/ IND A2 (Upgraded)
Non fund based limit - IND A2 (Upgraded)
Term loan - IND BBB+/ Stable (Upgraded)
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