From India Ratings and Research
Omax Autos announced that India Ratings and Research has revised the credit rating as 'Outlook to Stable from Negative while reaffirming the long term issuer rating at INA A-' . The instrument wise rating actions are given below -Fund based working capital limits - IND A-/Stable/ IND A1 (Rating reaffirmed; Outlook revised from Negative)
Non fund based working capital limits - IND A1 (Rating reaffirmed)
Term loans - IND A-/Stable (Rating reaffirmed; Outlook revised to Stable from Negative)
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