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Brickwork upgrades credit ratings of Gravita India; Stock ends 3% higher

The rating on long-term fund-based Rs257.33cr has been upgraded from BWR A- to BWR A; Stable.

October 14, 2021 4:15 IST | India Infoline News Service
Gravita India
Brickwork Ratings Private Limited has upgraded the ratings of Gravita India Limited on a total of Rs295.23cr credit facilities. The rating on long-term fund-based Rs257.33cr has been upgraded from BWR A- to BWR A; Stable.

On long-term non-fund-based Rs10cr instrument, the rating has been upgraded from BWR A- to BWR A; Stable. The short-term rating on the non-fund-based Rs27.90cr instrument has been upgraded from BWR A2 to BWR A2+.

Gravita India Ltd ended at Rs205.60 per piece up by Rs6.4 or 3.21% from its previous closing of Rs199.20 per piece on the BSE.

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PRESTIGE (NSE)

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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