ICRA Assigns A1+ Rating to Monte Carlo`s CP

Leading fashion company, Monte Carlo Fashions Ltd has said that ICRA Limited has reaffirmed the rating assigned to Company's Commercial Paper Programme of Rs. 100.00 Crore at [ICRA] A1+ (pronounced ICRA A one plus). 

 

“The Agency has also upgraded the Long term Rating to [ICRA] AA- (pronounced ICRA double A minus) from [ICRA] A+ (pronounced ICRA A plus) and reaffirmed the short term rating to [ICRA] A1+ (pronounced ICRA A one plus) for Rs 300.00 Crores Line of Credit of the Company,” the company said in a filing to the Bombay Stock Exchange.

 

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