ICRA reaffirms rating of Hindustan Copper at ICRA AA

ICRA has also reaffirmed the short-term outstanding rating of Rs1,600cr LOC at ICRA A1+.

Oct 22, 2020 02:10 IST India Infoline News Service

Copper
ICRA Limited has reaffirmed the long-term outstanding rating of Rs1600cr LOC of Hindustan Copper Ltd at ICRA AA and assigned a long-term rating of ICRA AA to the additional limit of Rs500cr.

The Outlook on the long-term rating is Stable, the company said.

The Rating Committee of ICRA has also reaffirmed the short-term outstanding rating of Rs1600cr LOC at ICRA A1+ and assigned a short-term rating of ICRA A1+ to the additional limit of Rs500cr.
The company is currently trading at Rs34.95, down by Rs0.25 or 0.71% from its previous closing of Rs35.20 on the BSE.

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