Ramco Systems Ltd. secures credit rating upgrades from ICRA for bank facilities totaling Rs. 150 crore

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.