Electrosteel Castings gets revision in credit ratings from CARE

Electrosteel Castings has received revision in credit ratings from CARE as under -

1.Long Term Bank Facilities: CARE BBB+; Stable (Triple B Plus; Outlook: Stable, Rating reaffirmed and outlook revised from Negative to Stable

2.Long/Short-term Bank Facilities: CARE BBB+;Stable/CARE A2,(Triple B Plus; Outlook:Stable /A Two),Rating reaffirmed and outlook revised from Negative to Stable

3.Series IV 11.00% NCDs of Rs.50 Crore Withdrawn as the NCDs were redeemed.

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