CARE assigns 'CARE D' rating on Reliance Infra's long term bank facilities; stock up 1%

The rating on NCDs worth Rs600cr and Rs103cr are at CARE D; Issuer not cooperating.

Mar 08, 2021 12:03 IST India Infoline News Service

Reliance-Industrial-Infrastructure-Limited
CARE Ratings’ has moved the rating of Reliance Infrastructure Limited to ‘CARE D; Issuer not cooperating’ category in respect of Long Term, Short Term Bank Facilities and Non-Convertible Debentures of the company for non-payment of surveillance fees for the rating exercise

The long-term rating on bank facilities of Rs1,654.38cr is at CARE D; Issuer not cooperating. The short-term rating on bank facilities Rs600.00cr at CARE D; Issuer not cooperating.

The rating on Non-Convertible Debentures (NCDs) Rs600cr is at CARE D; Issuer not cooperating. On NCDs Rs103cr rating is CARE D; Issuer not cooperating.

At around 12.55 pm, Reliance Infrastructure Ltd was trading at Rs32.90 per piece up by Rs0.35 or 1.08% from its previous closing of Rs32.55 per piece on the BSE.

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