Gulf Oil Lubricants India Limited has announced that ICRA Limited has reaffirmed and assigned credit ratings for its fund-based and non-fund-based credit facilities. The rating for the Long-Term Fund-Based Cash Credit limit has been reaffirmed and assigned for an enhanced amount of ₹192.00 crores, an increase from the previous ₹92.00 crores. The ratings for the Short-Term Fund-Based/Non-Fund Based - Others credit limits have been reaffirmed at ₹50.00 crores. Similarly, the ratings for the Short-Term Non-Fund Based - Others credit limits have been reaffirmed at ₹490.00 crores. Consequently, the total rated amount has been enhanced from ₹632.00 crores to ₹732.00 crores. The detailed ratings rationale can be accessed on ICRA Limited's website.
