Hind Rectifiers Limited: [ICRA]BB (Stable) / [ICRA]A4+ withdrawn; MB+ (Stable) placed on notice of withdrawal

Tne rating of [ICRA]BB (Stable) / [ICRA]A4+ assigned to Rs. 56.30 crores ban facilities of Hind Rectifier Limited have been withdrawn at the request of the company, based on the no-objection certificate provided by its banker. ICRA has also placed the medium-term rating of MB+[Stable] assigned to the Rs. 19.00 crore fixed deposit programme an notice of withdrawal for a period of six months before being withdrawn at the end of the withdrawal notice period.

Source : Equity Bulls

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