The rating on Commercial Paper Rs2,000cr was reaffirmed at CRISIL A1+. The rating on total bank loan facilities Rs7,000cr was also reaffirmed. The rating on long-term facilities remained CRISIL AA+ with outlook changing to Positive from the previous Stable. The short-term rating has been also reaffirmed at CRISIL A1+.
At around 9.40 AM, Coromandel International Ltd was trading at Rs890.10 per piece up by Rs13.4 or 1.53% from its previous closing of Rs876.70 per piece on the BSE.