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Shares of Havells India will remain in focus following an upgrade of its bank facilities by CARE Ratings. Havells said CARE has upgraded its rating on long-term bank facilities to CARE AAA from CARE AA+. Instruments with AAA rating have the highest degree of safety for timely servicing of financial obligations and carry lowest credit risk. CARE, however, retained its rating of A1+ on its short-term loan, implying very high degree of safety.
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