ICRA has revised the long-term rating from LC (pronounced as L C) to [ICRA]D (pronounced as ICRA D) for Rs. 94.9 crore term loans, cash credit limits and other proposed limits of Yash Papers Limited. Ratings for short term non-fund based limits have also been reassigned to [ICRA]D (pronounced as ICRA D) from A5 (pronounced as A five) The rating revision takes into account the continuous delays in debt servicing by the company.