Care Ratings reaffirms PNC Infra rating; stock up ~1.5%

The long term bank facilities with Rs1,700cr has rating of CARE AA-/stable and short term bank facilities Rs5,000cr has rating of CARE AA+.

Sep 17, 2020 10:09 IST India Infoline News Service

IT Stocks Up
PNC Infrastructure Limited informed the exchanges Wednesday that Care Ratings Limited has reaffirmed credit rating of PNC Infrastructure Limited based on the bank facilities of the company.

The long term bank facilities with Rs1,700cr has rating of CARE AA- with stable outlook and short term bank facilities Rs5,000cr has rating of CARE AA+.

PNC Infratech Ltd is currently trading at Rs173.50, up by Rs2.45 or 1.43% from its previous closing of Rs171.05 on the BSE.

CARE Ratings Ltd is currently trading at Rs395.45 down by Rs1 or 0.25% from its previous closing of Rs396.45 on the BSE.

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