IFGLREFRAC

Ifgl Refractories Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has recently reaffirmed the rating of CARE A+ (single A plus) and CARE A1+ (A one plus) assigned to long term and short term bank facilities aggregating to Rs. 80.12 Crores availed by the Company.

Ifgl Refractories Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE) has recently reffirmed CARE A+(Single A Plus) and CARE A1+(A One plus) rating assigned to Company's long / medium and short term facilities aggregating to Rs 82 Crores. While CARE A+ rating is applicable to facilities having tenure of more than one year, CARE A1+ rating is applicable to facilities having a tenure of upto one year. Facilities with CARE A+ rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such facilities carry low credit risk.

Ifgl Refractories Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE) has recently confirmed having retained CARE A+ (Single A Plus) and PR1+ (PR one plus) rating assigned to Company's long / medium and short term facilities aggregating to Rs 86.37 Crores. While CARE A+ rating is applicable to facilities having tenure of more than one year, PR1+ rating is applicable to facilities having a tenure of upto one year. Facilities with CARE A+ rating are considered to offer adequate safety for timely servicing of debt obligations. Such facilities carry low credit risk. Facili