Indo Count Industries gets downgrade in ratings from CARE

Indo Count Industries has received downgrade in credit ratings from CARE as follows -

a) For the short term credit facilities from 'CARE A1+' (A One Plus) to 'CARE A1 (A one)'.

b) For long term credit facilities from 'CARE AA-'(Double A Minus; Outlook: Negative) to 'CARE A+' (Single A Plus; Outlook: Stable).

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