Credit rating agency, ICRA has assigned its ratings to the Bank Facilities and Fixed/Public Deposits programme of SRS. The credit rating agency has assigned ‘BBB (Stable)’ to Long Term rating for Line of Credit while for Short Term rating for Line of Credit (LOC), it assigned ‘A3+’ rating. The rating agency has also assigned ‘MA-(Stable)’ for Fixed Deposit of the company.
SRS is a diversified company with a business portfolio comprising of cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery. It sells a wide range of gold and diamond jewellery under the brand name of SRS Jewells.
