From India Ratings and Research
Rico Auto Industries has received revision in credit ratings from India Ratings and Research as under -
Term Loan - IND A/ Negative (affirmed; outlook revised)
Working capital limits - IND A/ Negative / IND A1 (affirmed; outlook revised)
Non fund based working capital limits - IND A / Negative/ IND A1 (affirmed; outlook revised)
Term loan / letter of credit - IND A/ Negative (affirmed; outlook revised)
Proposed term loan/ letter of credit - Provisional IND A / Negative (affirmed; outlook revised)
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