Bharat Seats gets revision in credit ratings from ICRA

Bharat Seats announced that ICRA has revised the credit ratings for various debt instruments of the company as under -

Long term fund based cash credit - ICRA A-; Negative (Reaffirmed; outlook revised from Stable)

Long term fund based term loan - ICRA A-; Negative (Reaffirmed; outlook revised from Stable)

Short term non fund based - ICRA A2+ (Reaffirmed)

Long term / short term unallocated limits - ICRA A-; Negative/ ICRA A2+ (Reaffirmed; outlook revised from Stable)

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