RANE BRAKE LINING LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

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19 Jan 2023
In terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) this to inform that, with regard to the Company's rated bank facilities of Rs.165.32 crores, ICRA Limited has reaffirmed: a. long term rating at [ICRA] AA- (pronounced as ICRA double A Minus). The outlook on long term rating is 'Stable' (Annexure - 1); b. short term rating bank facilities at [ICRA] A1+ (pronounced as ICRA A one plus) (Annexure - 1); and We enclose herewith the relevant credit rating letter(s) dated January 19, 2023 received by the Company. Kindly note that the rating rationale will also be available on the ICRA website. We request you to treat this intimation as compliance with the disclosure requirements under the relevant provisions of SEBI LODR.
View all announcements for RANE BRAKE LINING LTD.	Source: BSE India

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