Astec Lifesciences receives ratings action from ICRA

Astec Lifesciences announced that ICRA has reaffirmed/ assigned the long-term rating of [ICRA]AA- (pronounced 'ICRA double A minus') and the short term rating of [ICRA]A1+ (pronounced 'ICRA A one plus') for the Rs. 839 crore (enhanced from Rs.574 crore) Fund Based and Non-Fund Based facilities of the Company. Further, ICRA has revised the outlook on the long-term rating from 'Stable' to 'Positive'

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