Prism Johnson announced that India Ratings and Research has revised its rating outlook on the long term debt instruments and other long term borrowings of the Company to 'Stable' from 'Positive', while affirming the ratings at 'IND A+'. There is no change in the ratings for Non-fund based
working capital limits and Unsecured short term loans.
Since, the Company did not issue any Commercial Paper (CP), the rating given earlier has been withdrawn. However, for future CP issuance, the rating 'IND A+' has been assigned.
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