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Shree Renuka Sugars receives ratings action from India Ratings and Research

Capital Market 

Shree Renuka Sugars announced that India Ratings and Research (Ind-Ra) has upgraded the company's Long-Term Issuer Rating to 'IND A-' from 'IND BBB+' while resolving the Rating Watch Positive (RWP).

The Outlook is Positive. The instrument-wise rating actions are as follows:

Term loan - IND A-/Positive (upgraded, Off RWP) Short term loan - IND A1 (upgraded, Off RWP) Fund based limit - Withdrawn Non fund based limit - Withdrawn Working capital limit - IND A-/Positive/ IND A1 (assigned) Non-convertible debentures - IND A-/ Positive (upgraded, Off RWP) Proposed working capital limit - IND A-/ Positive/ IND A1 (assigned)

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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: Sat, August 21 2021. 11:30 IST