Hot Pursuit
Sapphire Foods India Ltd announced that ICRA Limited has upgraded several instruments, including Debt instruments/facilities, Financial Sector Regulator# Long-term Fund based Term Loan amounting to 102.02, RBI Long-term Non-fund based Limits of 19.00, RBI Long-term/Short-term - Fund based/Non-fund based Working Capital Facilities totaling 42.00, RBI Short-term Fund based Interchangeable Limits of 35.00, RBI Long-term Non-fund based Interchangeable Limits of 42.00, RBI Long-term/Short-term Unallocated Limits of 36.98, Term Loan of 102.02, Non-fund based Limits of 19.00, Interchangeable Limits of 42.00, Interchangeable Limits of 35.00, Working Capital Facilities of 42.00, and Unallocated Limits of 36.98; the ratings were upgraded from [ICRA]A to [ICRA]A+ for most instruments, with the exception of RBI Short-term Fund based Interchangeable Limits which were upgraded from [ICRA]A2+ to [ICRA]A1, all of which continue to be on Watch with Developing Implications, alongside a Credit Rating Letter enclosed and available on the company website, and a sensitivity label of Restricted, while also noting that no withdrawals or assignments were reported.