Credit rating action
ICRA downgrades Archies' Rs 24.10 Cr bank lines to [ICRA]B+ (Stable)
Archies Ltd notified that ICRA's rating committee has downgraded its Rs 24.10 crore bank facilities (cash credit Rs 23.10cr; non-fund Rs 1.00cr) from [ICRA]BB- (Stable) to [ICRA]B+ (Stable); facilities with Kotak (₹12.60cr) and ICICI (₹11.50cr).




