Ugro Capital today announced that Acuite Ratings and Research has upgraded its rating outlook from 'Stable' to 'Positive'. The company's Rs.1100 crore bank loan and Rs. 450 crore non-convertible debentures (NCD) have been rated A / Positive. The agency has also reaffirmed Acuite A1 rating to the Commercial paper programme amounting to Rs. 100 crore.
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