Steel Exchange India receives upgrade in ratings for NCDs and bank facilities

From CARE

Steel Exchange India has received credit ratings from CARE as under:

Non convertible debentures (Rs 230.91 crore) - CARE BB+; Stable (upgraded from CARE BB-; Stable)

Long term bank facilities (Rs 10 crore) - CARE BB+; Stable (upgraded from CARE BB-; Stable)

Short term bank facilities (Rs 40 crore) - CARE A4+ (upgraded from CARE A4)

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