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Ind-Ra upgrades rating assigned to Shree Renuka Sugars’ NCDs

25 Sep 2018 Evaluate

India Ratings and Research (Ind-Ra) has upgraded Long-Term Issuer Rating assigned to Shree Renuka Sugars’ Non-convertible debentures (NCDs) of Rs 250 crore to ‘BBB+’ from ‘D’ keeping the outlook stable.

Shree Renuka Sugars is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol.

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