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| Exchange Disseminated Time | Sutlej Textiles and Industries Ltd has informed BSE that the rating of the Company’s Long Term Bank Facilities (Instruments) has been upgraded by Credit Analysis & Research Ltd. (CARE) to "CARE A-" [Single A Minus] (from ‘CARE BBB’ [Triple B]) indicating adequate degree of safety regarding timely servicing of financial obligations and a low credit risk to these instruments.
Further, Short Term Bank Facilities (Instruments) has been upgraded by CARE to “CARE A2+” [A Two Plus] (from "CARE A3+” [A Three Plus]) indicating strong degree of safety regarding timely pay went of financial obligations and a low credit risk to these instruments. |
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