From India Ratings and Research
India Ratings and Research (Ind-Ra) has affirmed Rico Auto Industries' (Rico) Long-Term Issuer Rating at 'IND A-' while resolving the Rating Watch Negative (RWN). The Outlook is Stable. The instrument-wise rating actions are as follows:
Term loan - IND A-/ Stable (affirmed; off RWN)
Fund based working capital limit - IND A-/ Stable/ IND A2+ (affirmed; off RWN)
Non fund based working capital credit limits - IND A-/Stable / IND A2+ (affirmed; off RWN)
Term loan / letter of credit - IND A-/Stable (affirmed; off RWN)
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
