Hind Rectifiers intimates of withdrawal of credit ratings by ICRA

Hind Rectifiers announced that ICRA has withdrawn the [ICRA]BB(Stable)/[ICRA]A4+ ratings assigned to the Rs. 56.30 crore bank facilities and MB+(Stable) assigned to the Rs. 19.00 crore fixed deposit programme of Hind Rectifiers.

The outstanding ratings of [lCRA]BB(Stable)/[ICRA]A4+ on the bank facilities stands withdrawn, while MB+(Stable) for fixed deposit programme has been placed on notice of withdrawal for a period of six months.

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