Sequent Scientific has informed that ICRA Ratings has upgraded the Company’s credit rating by four notch, as the long term rating has been upgraded from [ICRA] BB (pronounced ICRA double B) to [ICRA] BBB+ (pronounced ICRA triple B plus), The outlook on the long-term rating is stable, and the short-term rating has been upgraded from [ICRA] A4+ (pronounced as ICRA A four plus) to [ICRA] A2+ (pronounced as ICRA A two plus).
The above information is a part of company’s filings submitted to BSE.