International Conveyors gets revision in credit ratings

From CARE

International Conveyors announced that CARE has revised the rating assigned to the company's credit facilities and instrument as mentioned below -

Long term bank facilities (Rs 18 crore) - CARE BBB-; Negative (Revised from CARE BBB; Negative)

Short term bank facilities (Rs 1.38 crore) - CARE A3 (Revised from CARE A3+)

Long / Short term bank facilities (Rs 25 crore) - CARE BBB-; Negative/ CARE A3 (Revised from CARE BBB; Negative / CARE A3+)

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