Brickwork reaffirms and withdraws ratings of Sportking India; Stock sheds 2%

Bank loans availed by Sportking India were last reviewed and upgraded at BWR BBB+ (Stable)/A2 on May 25, 2021.

Sep 15, 2021 09:09 IST India Infoline News Service

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Brickwork Ratings reaffirms and withdraws the ratings for the Bank Loan Facilities of Rs600cr of Sportking India Ltd.

Bank loans availed by Sportking India Ltd (SIL) were last reviewed and upgraded at BWR BBB+ (Stable)/A2 on May 25, 2021.

Now, the company has requested for withdrawal of the rating, along with NOC from the concerned lender.

Accordingly, as per BWR’s policy on withdrawal of ratings, the rating of the company has been reaffirmed and withdrawn.

At around 9:58 AM, Sportking India was trading at Rs5100 per piece down by 2.24% on Sensex.

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