Relaxo Footwears announced that ICRA has revised the credit ratings of the company as follows -
ICRA has reaffirmed long term rating for Rs. 146.20 Crores of Term Loans and Fund based facilities of the Company at [ICRA] AA (pronounced as iCRA Double A) with Stable outlook.
ICRA has reaffirmed short term rating for Rs.120.00 Crores for Non Fund based facilities of the Company at [ICRA] A1+ (pronounced as ICRA A one plus).
ICRA has reaffirmed short term rating for Commercial Paper (CP) of Rs.50.00 Crores of the Company at [ICRA] A1+ (pronounced as ICRA A one plus).
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