From ICRA
Relaxo Footwears announced that ICRA has upgraded long term rating to ICRA AA- with Stable Outlook from ICRA A+ with Positive Outlook for Rs 201.67 crore for term loans and fund based facilities of the company.ICRA has reaffirmed short term rating of ICRA A1+ for Rs 120 crore for non fund based facilities of the company.
ICRA has reaffirmed short term rating for commercial paper of the company as ICRA A1+ for Rs 50 crore.
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