CARE reaffirms credit ratings on HSIL bank facilities; Stock down 1%

The rating on the company’s long-term enhanced bank facilities has been reaffirmed at CARE A+ with a Stable outlook.

Jul 26, 2021 12:07 IST India Infoline News Service

Stock Market
CARE Ratings Limited (CARE) has reaffirmed the credit ratings assigned to the bank facilities of HSIL Limited on account of enhancement in the amount of Long Term Bank Facilities.

The rating on the company’s long-term bank facilities Rs1270r (enhanced from Rs1205.50cr) has been reaffirmed at CARE A+ with a Stable outlook. On short-term bank facilities, Rs230cr CARE A1+ rating has been reaffirmed.

At around 12.46 pm, HSIL Ltd was trading at Rs274.25 per piece down by Rs2.85 or 1.03% from its previous closing of Rs277.10 per piece on the BSE.
The scrip opened at Rs279.60 and has touched a high and low of Rs284.05 and Rs268.10 respectively, during intraday trade on Monday.

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