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Auto stampings soars 5% after CRISIL upgrades rating on long-term borrowings to BBB / Stable

The credit rating agency has also reaffirmed the CRISIL A3 rating for short-term borrowings of the company.

October 11, 2021 9:45 IST | India Infoline News Service
CRISIL Limited has reviewed the ratings on the Bank Facilities of Automotive Stampings and Assemblies Limited. The rating on long-term borrowings of the company has been upgraded to CRISIL BBB / Stable from CRISIL BBB-/Stable.

The credit rating agency has also reaffirmed CRISIL A3 rating for short-term borrowings of the company.

The company stock was bullish during early trade on Monday and at around 9.48 am, Automotive Stampings & Assemblies Ltd was trading at Rs73.75 per piece up by Rs3.5 or 4.98% from its previous closing of Rs70.25 per piece on the BSE.
The scrip opened at Rs70.50 and has touched a high and low of Rs73.75 and Rs70.50 respectively.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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