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Forbes & Company receives revision in credit ratings from ICRA

Forbes & Company announced that ICRA has revised the credit ratings of the company as follows -

Long term based limits - ICRA BB+; Negative (Revised from ICRA BBB+; Negative)

Short term based limits - ICRA A4+ (Revised from ICRA A2)

Short term non-fund based limits - ICRA A4+ (Revised from ICRA A2)

Unallocated limits - ICRA BB+; Negative / ICRA A4+ (Revised from ICRA BBB+; Negative / ICRA A2)

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