Thiru Arooran Sugars has informed that the Credit Rating Agency, ICRA has vide their letter dated February 23, 2017 (received by the Company on February 28, 2017) upgraded the long term rating for the Line of Credit for Rs 339.18 crores (both Fund based and Non Fund based) sanctioned to the Company from (ICRA)D, (pronounced ICRA D) to (ICRA)B+ (pronounced ICRA B plus); and the short term rating for the aforesaid Line of Credit sanctioned to the Company from (ICRA)D (pronounced ICRA D) to (ICRA)A4 (pronounced ICRA A four). The revised rating as above has been assigned on January 30, 2017.
The above information is a part of company’s filings submitted to BSE.
