Innova Captab Ltd announced a credit rating upgrade by CARE Ratings Limited for its bank facilities. Long-term facilities were upgraded to 'CARE A+; Stable', and short-term to 'CARE A1+'.
Innova Captab Limited announced that CARE Ratings has reaffirmed its ratings for ₹466.72 Crore in bank facilities. Long-term facilities of ₹426.72 Crore were reaffirmed at 'CARE A; Positive', while short-term facilities of ₹40.00 Crore were reaffirmed at 'CARE A1'. The rating action reflects a review of recent financial performance.