Mumbai, Sept. 10 -- Sheela Foam announced that the company has received a Long-Term Issuer Rating and ratings on its debt instruments from India Ratings and Research (Ind-Ra) as under:

Issuer rating - IND AA/ Stable (affirmed)

Bank loan facilities Rs 2000 crore - IND AA/ Stable / IND A1+ (assigned)

Bank loan facilities Rs 5000 crore - IND AA/ Stable / IND A1+ (affirmed)

Non convertible debentures Rs 7,250 crore - IND AA/ Stable (affirmed)

Published by HT Digital Content Services with permission from Capital Market....