HLE Glascoat receives revision in credit ratings from ICRA

HLE Glascoat has received revision in credit ratings from ICRA as under:

Fund based cash credit (Rs 189.08 crore) - ICRA A; Stable (reaffirmed)
Term loans (Rs 190.42 crore) - ICRA A; Stable (reaffirmed)
Non fund based letter of credit / bank guarantee (Rs 136 crore) - ICRA A2+ (reaffirmed)
Short term derivative limits (Rs 2 crore) - ICRA A2+ (assigned)

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