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CRISIL reaffirms credit rating of Bhagwati Autocast

CRISIL has assigned ‘CRISIL BBB’ ratings to the company’s long-term facilities.

February 23, 2022 3:21 IST | India Infoline News Service
On Wednesday, Credit rating agency, CRISIL Ltd. has reviewed and assigned the ratings on the bank facilities of Bhagwati Autocast Limited.

CRISIL has assigned ‘CRISIL BBB’ ratings to the company’s long-term facilities. Credit rating to the company’s short-term facilities was assigned as ‘CRISIL A3’. The total bank loan facilities under review were Rs16.66 crore.

CRISIL has given a stable outlook for long-term facilities. These ratings signify the high creditworthiness of companies’ instruments.

Bhagwati Autocast ended at Rs182.95 up by Rs4.95 or 2.78% from its previous closing of Rs178 on the BSE. The scrip opened at Rs162 and touched an intraday high and low of Rs186 and Rs162 respectively.

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