With reference to its earlier letter dated 02-03-2022 on Credit Rating, Acknit Industries has informed that it attached the final version of Rating Rationale along with the Rating Communication Letter issued by ICRA, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the rating remained same i.e ICRA has upgraded the longterm rating in respect of the Company’s banking facilities to [ICRA] BBB (pronounced ICRA triple B) from [ICRA] BBB- (pronounced ICRA triple B minus) and short-term rating to [ICRA] A3+ (pronounced ICRA A three plus) from [ICRA] A3 (pronounced ICRA A three). The outlook on the long-term rating is stable.
The above information is a part of company’s filings submitted to BSE.
