India Ratings and Research has revised Indo Rama Synthetics (India) Limited's credit outlook to stable from negative while affirming the IND A-/Stable/IND A2+ rating on bank facilities totaling INR 17,200 million. The rating action includes INR 16,200 million in existing facilities with revised outlook and INR 1,000 million in newly assigned facilities. The company's banking relationships span six major international and domestic banks for working capital requirements.
Indo Rama Synthetics Gets Credit Rating Outlook Revised to Stable from Negative
