ICRA updates on rating of Shetron Limited

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has upgraded the long-term Rating to [ICRA]BB (pronounced ICRA Double B) from [ICRA]BB- (pronounced ICRA Double B Minus) and has reaffirmed the short-term Rating at [ICRA]A4 (pronounced ICRA A four). Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations. The Outlook on the long-term Rating is Stable. Outlook on the long-term Rating is Stable.

Source : Equity Bulls

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