From ICRA
R J Bio-Tech announced that the Credit Rating assigned by ICRA for Rs. 27.15 crore Line of Credit (LOC) of R J Bio-tech. The details of the same are as follows:The Rating Committee of ICRA, after due consideration, has assigned a long-term rating of [ICRA]BB+ (pronounced as ICRA double B plus) to the captioned LOC. The Credit Rating was communicated to the Company by ICRA vide its letter dated 18 December 2014. The outlook on the long term rating is stable. The aforesaid rating is valid till 14 December 2015.
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