CRISIL assigns 'BBB-/Stable' rating on Khadim India’s long-term bank borrowings; stock jumps 3%

The credit rating agency assigned CRISIL A3 rating on short-term Letter of Credit Rs2cr.

Apr 07, 2021 09:04 IST India Infoline News Service

CRISIL Ratings Limited has assigned its ratings with respect to Bank Borrowings of Khadim India Limited for an aggregate amount of Rs30cr.

The rating on long-term Cash Credit Rs28cr has been assigned CRISIL BBB-  with Stable Outlook. The credit rating agency assigned CRISIL A3 rating on short-term Letter of Credit Rs2cr.

Around 9.50 am, Khadim India Ltd was trading at Rs150.10 per piece up by Rs4.2 or 2.88% from its previous closing of Rs145.90 per piece on the BSE.

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