Visaka Industries Ltd announced that CARE Ratings Ltd has reaffirmed the rating of CARE A+; Stable for the company’s long-term bank facilities amounting to Rs 351.33 (reduced from Rs 414.91), revised the outlook from Negative, and assigned a rating of CARE A1+ to the company’s short-term bank facilities of Rs 6.00 and reaffirmed the rating of CARE A1+ for short-term bank facilities of Rs 185.04 (reduced from Rs 191.04), alongside reaffirming the rating of CARE A+; Stable for fixed deposits of Rs 25.00, also with an outlook revision from Negative, with the rationale published on CARE Ratings Ltd’s website.