RACL Geartech receives ratings action from CARE

RACL Geartech has received revision in credit ratings from CARE Ratings as under:

Long term bank facilities (Rs 161.43 crore) - CARE A-; Stable (reaffirmed)
Long term / short term bank facilities (Rs 166.50 crore) - CARE A-; Stable / CARE A2+ (LT rating reaffirmed and ST rating assigned)
Short term bank facilities (Rs 9 crore) - CARE A2+ (reaffirmed)