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Remsons Industries gets ratings affirmation for LoC

Remsons Industries announced 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 31 July 2016.

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