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Remsons Industri - Credit Rating

By Religare

Remsons Industries Ltd has submitted to BSE a copy of a letter dated August 31, 2015 received from M/s. ICRA Limited an Associate of Moody's Investors Service informing the Company that the Rating Committee of ICRA, after due consideration, has reaffirmed the rating of the captioned Line of Credit (LOC) of the Company for Rs. 22.20 Crore (revised from 18.70 Crore) as under:

1. Long Term Rating of the captioned LOC at "(ICRA)BBB (pronounced ICRA triple B)", - Outlook for the long term rating is 'Stable'.

2. Short Term Rating at "(ICRA) A3+ (pronounced ICRA A three plus)".

The aforesaid ratings are valid till July 31, 2016.

Story first published: Monday, September 7, 2015, 23:00 [IST]
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