CARE Ratings reaffirms Bannari Amman Sugars long term fund based credit facilities at A+

The rating on Long Term / Short Term non-fund based limits (Rs15.40cr) has been reaffirmed as CARE A+; Stable/CAREA1+.

Dec 07, 2020 04:12 IST India Infoline News Service

CARE Ratings has reaffirmed the credit ratings of Bannari Amman Sugars Limited for the credit facilities availed by the company from bankers.

The rating on the Long Term Fund Based Credit facilities has been reaffirmed at CARE A+ with Stable Outlook. It included term loans of Rs93.50cr and cash credit of Rs745cr (enhanced from Rs564. 50cr).

The rating on Long Term / Short Term non-fund based limits (Rs15.40cr) has been reaffirmed as CARE A+; Stable/CAREA1+.

The rating on Short Term Fund Based facility Rs10cr (reduced from Rs.310 crores) was reaffirmed at CARE A1+ by Care Ratings.

Bannari Amman Sugars Ltd trade ended  at Rs1,444 per piece up by Rs28.15 or 1.99% from its previous closing of Rs1,415.85 per piece on the BSE.

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