Hot Pursuit
Singer India Ltd announced ratings actions across various instruments, with CRISIL upgrading both the Bank Loan Facilities of Rs. 45 Crore from Crisil BBB-/Stable to Crisil BBB/Stable (Long Term) and from Crisil A3 to Crisil A3+ (Short Term); Crisil Ratings also affirmed the BBB/Stable rating for Bank Loan Facilities of Rs. 45 Crore, previously rated 'Crisil BBB-/Stable', and A3+ for the Short Term, previously rated 'Crisil A3', alongside ratings for Cash Credit (Rs. 20 via YES Bank Limited and Rs. 4.5 via HSBC Bank Plc), Letter of Credit & Bank Guarantee (Rs. 10 via YES Bank Limited), Packing Credit in Foreign Currency (Rs. 2 via YES Bank Limited), Proposed Fund-Based Bank Limits (Rs. 3.5), Working Capital Demand Loan (Rs. 5), and noting N/A ratings from SEBI, MCA, RBI, and an "Unknown" agency for Listed/Proposed to be listed bonds/debentures/preference share, Listed PTCs/Securitisation Notes, Unlisted/Proposed to be unlisted Bonds/Debentures, Fixed Deposits, Intercorporate Deposits/Loans, and other instruments.
