From CARE
Forbes & Company has received revision in credit ratings from CARE Ratings as follows -Long term bank facilities - CARE BB+; Negative (Revised from CARE A-; and removed from credit watch with negative implications)
Short term non fund based facilities - CARE A4+ (Revised from CARE A2+ and removed from credit watch with negative implications)
Proposed NCDs - CARE BB+; Negative (Revised from CARE A- and removed from credit watch with negative implications)
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