Refex Industries Limited — Credit Ratings, 24-10-2024: Credit Rating

Refex Industries Limited has received an upgrade in credit ratings from Acuité Ratings & Research for various bank loans. Key upgrades include long-term ratings of "ACUITE A- | Stable" for loans totaling ₹95 crore, and short-term ratings of "ACUITE A2+" for loans totaling ₹50 crore. Additionally, new ratings have been assigned to loans valued at ₹20 crore and ₹85 crore. The total outstanding quantum is ₹250 crore. Further details are available on the company's website.