Sheela Foam receives affirmation in credit ratings from India Ratings

Sheela Foam announced that India Ratings and Research (India Ratings) has affirmed the bank loan facilities of Sheela Foam (SFL) and withdrawn the rating assigned to the Company's non-convertible debentures, which have been fully redeemed.

Bank Loan Facilities: Assigned a rating of 'IND AA/Stable/IND A1+' to additional bank loan facilities of Rs. 180 crore and reaffirmed the existing rating of 'IND AA/Stable/IND A1+' on bank loan facilities of Rs. 700 crore.

Non-Convertible Debentures: Withdrawn the rating of 'IND AA/Stable' assigned to the Company's non convertible debentures aggregating to Rs. 181.25 crore (ISIN: INE916U08012), which have been fully redeemed.