Relaxo Footwears receives reaffirmation in credit ratings from ICRA

Relaxo Footwears announced that ICRA has retained long term rating of Rs. 140.00 crore on Fund based facilities of the Company at [ICRA] AA (pronounced as ICRA double A). The outlook on the long term rating has been revised to "Positive" from Stable. ICRA also retained short term rating of Rs. 120.00 crore on Non fund based facilities of the Company at [ICRA]A 1 + (pronounced as ICRA A One Plus).

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