Rane Holdings receives reaffirmation in credit ratings from ICRA

Rane Holdings has receives reaffirmation in credit ratings from ICRA as under:

a. for Rs. 86.70 crore bank facilities- reaffirmed a long term rating of [ICRA] AA- (pronounced as ICRA double A minus) and

b. for Rs.13.30 crore bank facilities- reaffirmed a long term rating of [ICRA] AA- (pronounced as ICRA double A minus) with outlook as 'stable' and short-term rating of [ICRA] A1+ (pronounced as ICRA A one plus).

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