Refex Industries credit ratings upgraded and reaffirmed

Refex Industries announced that Acuite Ratings & Research Limited has upgraded and reaffirmed the long-term credit ratings for its bank loan facilities. The long-term rating for bank loan facilities amounting to INR50.00 Cr has been assigned at "ACUITE A- | Stable," while the rating for bank loan facilities of INR115.00 Cr has been reaffirmed at "ACUITE A- | Stable." The short-term rating for INR135.00 Cr bank loan facilities was also reaffirmed at "ACUITE A2+." This brings the total outstanding quantum of rated bank loan facilities to INR300.00 Cr.