Symbol ICIL
Company Indo Count Industries Limited
Industry Textiles - Cotton

Broadcast Date/Time 16-May-2018 21:34
Subject Credit Rating
Announcement Indo Count Industries Limited has informed the Exchange regarding Credit RatingDear Sir/Madam,Sub: Credit Rating: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Ltd and CARE Ratings has reviewed the Company??s ratings as under: a) ICRA has reaffirmed the long term rating as ICRA (AA minus) (pronounced ICRA double A minus) with a positive outlook. b) CARE ratings has reaffirmed the long term bank facilities as CARE AA (pronounced double A). The outlook on the long term facilities has been revised to ??Negative?? from ??Stable??.c) ICRA and CARE have reaffirmed rating for the short term bank facilities as ICRA A1+ and CARE A1+ and respectively.Kindly, take the above information on record.
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