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Remsons Industries Ltd.

BSE: 530919 Sector: Auto
BSE 00:00 | 17 Apr 2020 Remsons Industries Ltd
NSE 05:30 | 01 Jan 1970 Remsons Industries Ltd

Credit Rating

August 31, 2016, 6:34 pm | Source: BSE

Remsons Industries Ltd has submitted to BSE a copy of a letter issued by M/s. ICRA Limited dated August 232016 received by the Company on August 302016 informing that the Rating Committee of ICRA after due consideration has revised the rating of Line of Credit (LOC) of the Company for Rs. 22.20 Crore as under:

A. Long Term Rating at (ICRA) BBB- (pronounced ICRA triple B minus from (ICRA) BBB (pronounced ICRA triple B)). Outlook for the long term rating is Stable.

B. Short Term Rating at (ICRA) A3 (pronounced ICRA A three) from (ICRA) A3+ (pronounced ICRA A three plus).

The aforesaid ratings are valid till July 31 2017.