Acknit Industries Ltd has informed BSE that ICRA has upgraded the long term rating from [ICRA]BB+ (pronounced as ICRA double B plus) to [ICRA]BBB- (pronounced as ICRA triple B minus) for the existing line of credit and the outlook on the long term rating is Stable.
ICRA has upgraded the short term rating from [ICRA]A4+ (pronounced as ICRA A four plus) to [ICRA] A3 (pronounced as ICRA A three) for the existing line of credit.
The aforesaid rating is valid till December 31, 2016.
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