Rane (Madras) receives revision in credit ratings from CRISIL

Rane (Madras) announced that CRISIL has reviewed ratings on bank facilities of the company as under:

Total Bank Loan Facilities Rated - Rs.604.55 crore
Long Term Rating - CRISIL A/Watch Positive (Continues on 'Rating Watch with Positive Implications')
Short Term Rating - CRISIL A1 (Reaffirmed)