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25-Jul2017

ICRA reaffirms rating of Indag Rubber's bank facilities

Credit rating agency, ICRA has re-affirmed Indag Rubber's long term rating of 'A+' on the Rs 8 crore long term fund based and also re-affirmed a short term rating of 'A1+' on the Rs 47 crore (including Rs 2 crore unallocated limits) non fund based facilities. The outlook on the long term rating has been revised from 'Stable' to 'Negative'.

Indag Rubber is a tread manufacturing company. The company is engaged in the manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires.


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