From ICRA
Nandan Denim announced that ICRA has revised the ratings of the company as under -
Term loan - ICRA A/Negative (Revised from ICRA A/ Stable)
Cash credit / EPC / FBD - ICRA A/A1/ Negative (Revised from ICRA A/A1/Stable)
Letter of credit/ bank gurantee/ forward contract - ICRA A1/Negative (Revised from ICRA A1/Stable)
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