Mercator gets revision in credit ratings

From CARE

Mercator announced that CARE has revised the credit rating of the company's bank facilities as under -

i. Long-term bank facilities- Term Loan 'D'- Reaffirme
ii. Long-term bank facilities- Cash Credit revised from 'C' Outlook Stable to 'D'
iii. Long-term bank facilities- Letter of Credit revised from 'C' Outlook Stable to 'D'
iv. Short-term bank facilities- Revised from A4 to 'D'

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