From ICRA
Relaxo Footwears has received reaffirmation of credit ratings from ICRA as under -ICRA has reaffirmed long term rating for Rs. 151 .71 crore of Term Loans and Fund based facilities of the Company at [ICRA] AA- (pronounced as ICRA double A minus). The outlook on the long-term rating has been changed from Stable to Positive.
ICRA has reaffirmed short term rating for Rs.1 20.00 crore for Non Fund based facilities of the Company at [ICRA] A 1 + (pronounced as ICRA A one plus).
ICRA has reaffirmed short term rating for Commercial Paper (CP) of Rs. 50 crore of the Company at [ICRA] A1+ (pronounced as ICRA A one plus)
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