From ICRA
Forbes & Company announced that ICRA has revised the credit ratings for various facilities as follows -NCDs (Rs 40 crore) - ICRA A+; Negative (Revised from ICRA AA-; Negative)
Long term bank facilities (Rs 72.50 crore) - ICRA A+ ; Negative (Revised from ICRA AA-; Negative)
Short term bank facilities (Rs 56.50 crore) - ICRA A1+ (Reaffirmed)
Unallocated limits (Rs 22.99 crore) - ICRA A+; Negative / ICRA A1+
Commercial Paper (Rs 80 crore) - ICRA A1+ (Reaffirmed)
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