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Pyramid Technoplast Ltd announced rating actions from Acuité Ratings & Research Limited, with RBI, MCA, SEBI, and Acuite Ratings & Research Limited not providing ratings for specific instruments. Acuité Ratings affirmed the Long Term Rating and Short Term Rating for Bank Loans, alongside reaffirming the Stable outlook for the Term Loan Unlisted instrument with an A- rating. Additionally, Acuité assigned ratings including Bank Loan Ratings of 97.10 with an A- rating, 77.40 with an A- rating, 22.50 with an A2+ rating, and 38.00 with an A2+ rating, all regulated by Bank; reaffirmed Cash Credit at 5.70 and 9.30 with an ACUITE A- rating, Letter of Credit at 11.00 and 14.00 with an ACUITE A2+ rating, Cash Credit at 13.00 with an ACUITE A- rating, and Letter of Credit at 27.00 and 5.00 with an ACUITE A2+ rating; and assigned Term Loan Unlisted at 50.16 and 7.64 with an A- rating, Bank Guarantee (BLR) Unlisted at 3.50 with an A2+ rating, and Term Loan at 23.70 with an ACUITE A- rating, along with assignments and reaffirmations across Cash Credit, Letter of Credit, and Term Loan instruments with various banks including Federal Bank Limited, AXIS BANK LIMITED, and H D F C Bank Limited.
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