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Remsons Industries announces ratings upgrade for LOC

Remsons Industries announced ratings upgrade from ICRA for Line of Credit (LOC) of the Company for Rs. 18.70 Crore (revised from Rs. 19.70 crore) as under:

(A) Long Term Rating of the captioned LOC to "(ICRA)BBB (pronounced ICRA triple B)" from "(ICRA)BBB- (pronounced ICRA triple B minus)" - Outlook for the long term rating is `Stable`.

(B) Short Term Rating to "(ICRA)A3+ (pronounced A three plus)" from "(ICRA)A3 (pronounced ICRA A three)"

The aforesaid ratings are valid till 24 July 2015.

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