From ICRA
Sundaram Brake Linings has announced that ICRA Limited vide its letter dated 31 March 2014, has reaffirmed the [ICRA] A - (pronounced ICRA A minus) rating on the outstanding Rs 50 crores fund based facilities of the Company and has stated that the outlook on the long-term is stable.ICRA has also reaffirmed the short-term rating of [ICRA] A2+ (pronounced ICRA A two plus) for the Rs 35 crores fund based export packing credit facilities and the Rs 3 crores non-fund based facilities of the Company.
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