Ramco Systems announced that ICRA has revised the credit rating for Rs 214.50 crore bank facilities availed by the company. The outlook on the long term rating is revised from positive to stable.
Long term Fund based/CC (Upgraded) - A(Stable)
Long term Fund based/Term Loan - Not Applicable
Short term fund based facilities (Reaffirmed) - A2+
Short term non-fund based facilities (Reaffirmed) - A2+
Unallocated (Reaffirmed) - A(Stable)/ A2+
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