Satia Industries gets credit ratings affirmed, new limits rated

Satia Industries Limited's long-term bank loans, including INR3,734.2 million and INR60 million in proposed term loans, have been affirmed at 'IND A+/Stable'. New limits, such as a INR382.2 million term loan and INR18 million in non-fund-based working capital, were assigned the same rating.

Fund-based working capital limits of INR1,100 million and non-fund-based working capital limits of INR1,250 million received 'IND A+/Stable/IND A1+' ratings. A proposed commercial paper of INR350 million was affirmed at 'IND A1+'. Proposed non-convertible debentures of INR1,000 million were withdrawn.