NRB Bearings gets revision in credit ratings from CRISIL

NRB Bearings gets revision in credit ratings from CRISIL

Oct 10, 2019 09:10 IST capital market

NRB Bearings has received revision in credit ratings from CRISIL as under -

Long term bank facilities (Rs 362 crore) - CRISIL AA-/Stable (outlook revised from Positive and ratings reaffirmed)

Non convertible debentures (Rs 30 crore) - CRISIL AA-/Stable (outlook revised from Positive and ratings reaffirmed)

Non convertible debentures issue (Rs 20 crore) - CRISIL AA-/Stable (outlook revised from Positive and ratings reaffirmed)

Commercial issue paper (Rs 85 crore) - CRISIL A1+ (reaffirmed)

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