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Sequent Scientific receives upgrade from India Ratings and Research

Capital Market 

Sequent Scientific announced that India Ratings and Research has upgraded the company's long term issuer rating to IND A from IND A-while resolving the rating watch evolving (RWE).

The outlook is positive. The instrument-wise rating actions are given below:

Fund Based Working Capital Limits - Long Term: IND A/Positive (Upgraded; Off RWE)

Non-Fund Based Working Capital Limits - Short Term: IND A1 (Upgraded; Off RWE)

Term loan - Long Term: IND A/Positive (Upgraded; Off RWE)

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, October 12 2020. 09:07 IST