Varroc Engineering receives revision in credit ratings

Varroc Engineering has received revision in credit ratings from ICRA as under:

Term loan (long term) - ICRA A; Stable
Fund based (long term / short term) - ICRA A; Stable/ ICRA A2+
Non fund based (long term/ short term) - ICRA A; Stable/ ICRA A2+
Commercial paper - ICRA A2+
Non convertible debentures - ICRA A; Stable

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