Rane Holdings gets re-affirmation in credit ratings

From ICRA

Rane Holdings announced that ICRA has re-affirmed the ratings on debt instruments of the company as under -

a. re-affirmed rating assigned to Rs.50 crore Line of Credit (LOC) at [ICRA] AA- (pronounced as ICRA double A minus) with outlook as 'stable' ; and

b. re-affirmed rating assigned to Rs.10 crore Commercial Paper (CP) / Short Term Debt (STD) programme at [ICRA]A1+ (pronounced as ICRA A one plus]

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