ICRA revises ratings assigned to bank facilities of SRS

Credit rating agency, ICRA has revised its ratings assigned to Bank Facilities and Fixed Deposits of SRS. The credit rating agency has revised Long Term rating (Fund Based) and Short Term rating (Non-Fund Based) to ‘D’ respectively while the  Fixed Deposit (Medium Term) rating has been revised to ‘MD’.

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.