Indo Count Industries gets revision in credit ratings

From ICRA and CARE Ratings

Indo Count Industries announced that ICRA and CARE Ratings has reviewed the Company's ratings as under:

a) ICRA has reaffirmed the long term rating as ICRA (AA minus) (pronounced ICRA double A minus) with a positive outlook.

b) CARE ratings has reaffirmed the long term bank facilities as CARE AA (pronounced double A). The outlook on the long term facilities has been revised to 'Negative' from 'Stable'.

c) ICRA and CARE have reaffirmed rating for the short term bank facilities as ICRA A1+ and CARE A1+ and respectively.

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