The outlook on the long term scale rating has been revised from Negative to Stable. ICRA has also reaffirmed the [ICRA]A1 (pronounced as ICRA A one) short-term scale rating [signifying a very strong degree of safety regarding timely payment of financial obligations and carrying lowest credit risk] assigned to the Rs 10.00 crore fund based sub-limits and Rs 5.00 crore non-fund based sub-limits within the overall working capital credit facilities enjoyed by the Company from its bankers. The said ratings are valid till 31 March 2016.