Relaxo Footwears gets reaffirmation in credit ratings

From ICRA

Relaxo Footwears announced that ICRA vide their letter dated 30 June 2016 has reaffirmed long term rating of [ICRA] A+ (pronounced ICRA A plus) for Rs 236.00 crore with stable outlook against positive outlook assigned earlier. ICRA has also reaffirmed short term rating [ICRA] A1+ (pronounced ICRA A one plus) for Rs 120.00 crore.

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