#RKFORGE ICRA has upgraded the company's ratings for its bank facilities. The company's term loan and working capital facilities have been upgraded to [ICRA]A+ from [ICRA]A, and its fund-based limits have been upgraded to [ICRA]A+ from [ICRA]A. (1/5) 
The outlook for these facilities has also been revised to stable from positive. The company's short-term rating has been reaffirmed at [ICRA]A1, and its non-fund based limits have also been reaffirmed at [ICRA]A1. (2/5)
In simpler terms, this means that the credit rating agency ICRA has given a higher rating to the company's bank facilities, which is good news for the company as it may lead to better terms and interest rates for its loans. (3/5)
The outlook for these facilities has also improved, meaning that ICRA believes the company's financial position is stable and not likely to deteriorate in the near future. (4/5)
The company's short-term rating has been reaffirmed, which means that it is considered to be a low-risk borrower in the short term. Overall, this is positive news for the company and its shareholders. (5/5)
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