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Borosil Renewables receives revision in credit ratings for bank facilities

Capital Market 

From India Ratings & Research

Borosil Renewables announced that India Ratings & Research has assigned the following credit ratings to the company's bank facilities post implementation of the composite scheme of amalgamation and arrangement:

Fund-based cash credit limits (Rs 50 crore) - IND BBB+/Stable (Affirmed; Off RWE)
Non-fund based limits (Rs 8 crore) - IND A2 (Affirmed; Off RWE)
Buyer's Credit (Rs 6 crore) - IND A2 (Affirmed; Off RWE)
Term Loan (Rs 100 crore) - IND BBB+/Stable (Affirmed; Off RWE)

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, October 22 2020. 17:57 IST