Electrosteel Castings receives upgrade in credit ratings
From India Ratings and ResearchElectrosteel Castings announced that India Ratings and Research Private has, vide its letter dated 13 May 2021, upgraded the Company's Long-Term Issuer Rating to 'IND A' from 'IND A-' while maintaining it on Rating Watch Positive ('RWP'). The instrument-wise rating actions are as follows: Long term loan - IND A/RWP Fund-based working capital limits - IND A/RWP/IND A1 Non-fund-based working capital limits - IND A1/RWP Proposed fund based working capital limits - IND A/RWP/ IND A1/RWP Proposed non-fund based working capital limits - IND A1/RWP Powered by Capita...
Source: business-standard.com