Acuite assigns AA-/Stable rating to long-term bank loan facility of Welspun Enterprises

The credit rating agency has reaffirmed its long-term rating of ‘AA-’ to NCDs and its short-term rating of ‘A1+’ to the CP programme.

Oct 13, 2021 10:10 IST India Infoline News Service

Acuite Ratings & Research Limited has assigned a long-term rating of ‘ACUITE AA-’ to Welspun Enterprises Limited bank loan facility of Rs100cr.

The credit rating agency has reaffirmed its long-term rating of ‘ACUITE AA-’ to the Non-Convertible Debentures (NCDs) of Rs375cr and its short-term rating of ‘ACUITE A1+’ to the Commercial Paper (CP) of Rs225cr. The outlook is 'Stable'.

At around 10.16 am, Welspun Enterprises Ltd was trading at Rs104 per piece up by Rs0.9 or 0.87% from its previous closing of Rs103.10 per piece on the BSE.

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