Forbes & Company gets revision in credit ratings

From ICRA

Forbes & Company announced that ICRA has revised the credit ratings for various facilities as follows -

NCDs (Rs 40 crore) - ICRA A+; Negative (Revised from ICRA AA-; Negative)

Long term bank facilities (Rs 72.50 crore) - ICRA A+ ; Negative (Revised from ICRA AA-; Negative)

Short term bank facilities (Rs 56.50 crore) - ICRA A1+ (Reaffirmed)

Unallocated limits (Rs 22.99 crore) - ICRA A+; Negative / ICRA A1+

Commercial Paper (Rs 80 crore) - ICRA A1+ (Reaffirmed)

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