India Ratings & Research (Ind-Ra) has upgraded SRS long-term issuer rating to ‘BBB’ from ‘BBB-’. The outlook is positive. The agency maintains an ‘tA-’ rating on SRS’ Rs 40 crore term deposit.
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.