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| Exchange Disseminated Time | Archies Ltd has informed BSE that in view of the latest developments in the Company ICRA has revised the short term debt ratings from A1+ (pronounced as A one plus) to A1 (pronounced as A one) for Commercial paper / short term debt of Rs 10 crores, as stated by ICRA this is the highest credit quality rating assigned by ICRA to short term debt instruments. Within this category certain instruments are, assigned A1 + ratings to reflect their relatively strong credit quality.
ICRA has reaffirmed the LA (pronounced L A) ratings for the Line of credit of Rs 38.5 crores for long term debt instruments. LA is a adequate credit quality ratings assigned by ICRA for long term debt instruments. |
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