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Ramco Systems Ltd. announced an upgrade in credit ratings from ICRA for its outstanding bank facilities totaling Rs. 150.00 crore, specifically for Long Term Fund Based – Cash Credit facilities amounting to Rs. 15.00 crore, Short Term Fund Based facilities of Rs. 75.00 crore, Short Term - Non-Fund Based facilities of Rs. 20.50 crore, and Long Term / Short Term - Unallocated facilities of Rs. 39.50 crore; the existing ratings were BBB+(Stable)/A2, A2, A2, and BBB+ (Stable)/A2 respectively, which have been revised to A-(Stable), A2+, A2+, and A2+ / A2+ for the corresponding instruments. ICRA’s rating communication is enclosed, and this information is also available on the company’s website at www.ramco.com, in accordance with Regulation 46 of SEBI LODR.
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