Corporate News     07-Dec-23
ICRA places Aether on ratings watch with negative implications
Aether Industries has received revision in credit ratings from ICRA as under:

Long term fund-based Cash credit (Rs 48 crore) - [ICRA]A+; placed on rating watch with negative implications

Long term/Short term Fundbased/Non-fund based (Rs 55 crore) - [ICRA]A+; placed on rating watch with negative implication/[ICRA]A1; placed on rating watch with negative implications

Short-term non-fund based Letter of credit (Rs 29.80 crore) - [ICRA]A1; placed on rating watch with negative implications

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