Satia Industries receives revision in credit ratings from India Ratings

Satia Industries announced that India Ratings and Research has revised the company's Outlook to Positive from Stable while affirming its Long-Term Issuer Rating at 'IND A-'. The instrument-wise rating actions are as follows:

Term loans - IND A-/ Positive (affirmed; outlook revised from Stable)
Fund based bank facilities - IND A-/ Positive / IND A2+ (affirmed; outlook revised from Stable)
Non fund based bank facilities - IND A-/ Positive / IND A2+ (affirmed; outlook revised from Stable)
Term loans - IND A-/ Positive (assigned)

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