CRISIL assigns 'CRISIL A1+' rating on Godrej Industries' commercial paper programme

Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations.

Nov 04, 2020 02:11 IST India Infoline News Service

CRISIL Limited has assigned CRISIL A1+ rating to Mumbai-based Godrej Industries Limited’s issue of Commercial Paper Programme of upto Rs1,500cr enhanced from Rs1,000cr.

“Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk,” company shared in a regulatory filing on Tuesday.

At around 2.05pm, Godrej Industries Ltd was trading at Rs356.50 per piece up by Rs2.85 per piece or 0.81% from its previous closing of Rs353.65 on the BSE.
The scrip opened at Rs358 and has touched a high and low of Rs362.30 and Rs351.90 respectively.

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