CARE reaffirms long-term credit rating of PNC Infratech subsidiaries; Stock down 1.5%

The credit rating agency reaffirmed CARE A- / Stable to PNC Bundelkhand Highways and CARE A / Stable to PNC Challakere (Karnataka) Highways.

Jul 02, 2021 12:07 IST India Infoline News Service

CARE Ratings Limited on Wednesday has reaffirmed credit rating on the Long Term Bank Facilities of PNC Infratech Limited’s subsidiaries. The credit rating agency reaffirmed CARE A- / Stable on PNC Bundelkhand Highways Private Limited Rs604cr credit facilities.

CARE also reaffirmed CARE A / Stable rating on PNC Challakere (Karnataka) Highways Private Limited Rs440cr facilities.

At around 12.08 PM, PNC Infratech Ltd was trading at Rs287.35 per piece down by Rs4.65 or 1.59% from its previous closing of Rs292 per piece on the BSE.
The scrip opened at Rs292 and has touched a high and low of Rs293.05 and Rs286.05 respectively during intraday trade on Friday. 

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