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Ind-Ra assigns credit rating to Rossell India s facilities worth Rs225 90 crore; stock soars ~5%
The Rating Agency assigned ‘IND A-/Stable/IND A2+’ rating to the company’s fund-based facilities worth Rs187 crore.
Rating agency
Volatility in techsys division profitability
Rossell india
Rossell india limited
India rating
Stable outlook
Established position
Tea business
Revenue diversification reduces susceptibility
Higher volumes
Lower tea prices
Techsys division
Comfortable credit
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