Remsons Industries Ltd updates on credit rating

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The Rating Committee of ICRA, has assigned the credit rating for Rs. 66.82 Crore of Remsons Industries Ltd’s bank facilities as under:

Long Term Rating of (ICRA) BBB- (pronounced ICRA triple B minus). Outlook on the long term rating is “Stable”.

Short Term Rating of (ICRA) A3 (pronounced ICRA A three)