Excel Industries gets revision in credit ratings

From CRISIL

Excel Industries announced that CRISIL has upgraded the rating on long term bank loan facilities of the Company (upgraded to CRISIL A+/ Stable from CRISIL A/Stable) ) and reaffirmed rating on short term bank loan facilities at CRISIL A1. The rating on Fixed Deposits has been withdrawn as the Company has discontinued acceptance and renewal of the Fixed Deposits.

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