Sequent Scientific announced that India Ratings and Research has upgraded the company's long term issuer rating to IND A from IND A-while resolving the rating watch evolving (RWE). The outlook is positive. The instrument-wise rating actions are given below:
Fund Based Working Capital Limits - Long Term: IND A/Positive (Upgraded; Off RWE)
Non-Fund Based Working Capital Limits - Short Term: IND A1 (Upgraded; Off RWE)
Term loan - Long Term: IND A/Positive (Upgraded; Off RWE)
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