Rane Brake Lining gets reaffirmation in credit ratings

From ICRA

Rane Brake Lining announced that ICRA has reviewed the credit ratings of the company as under -

a.Reaffirmed - for the Rs. 165.32 crore line of credit - long term rating at [ICRA] AA- (pronounced as ICRA double A Minus). The outlook on long term rating is 'Stable';

b.Reaffirmed - short term rating bank facilities and the commercial paper programme of the company at [ICRA] A1+ (pronounced as ICRA A one plus); and

c.Reaffirmed for the Rs.30 crore commercial paper programme - the credit rating [ICRA]A1+ (pronounced as ICRA A One plus).

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