CRISIL reaffirms credit ratings of Crompton Greaves; Stock trades flat

The credit rating agency has reaffirmed AA+ rating with a Stable outlook on Rs300cr and Rs180cr programs of NCDs.

Jun 04, 2021 10:06 IST India Infoline News Service

CRISIL Limited has reaffirmed the credit ratings of Crompton Greaves Consumer Electricals Limited. The credit rating agency has reaffirmed AA+ rating with a Stable outlook on Rs300cr and Rs180cr programs of NonConvertible Debentures (NCDs).

It has reaffirmed AA+/Stable rating on long-term bank loan facilities of Rs330cr. The rating on short-term bank loan facilities has been reaffirmed at A1+.
Crompton Greaves Consumer Electricals Ltd was trading at Rs410.15 per piece up Rs0.20 or 0.05% from its previous closing of Rs409.95 per piece on the BSE at around 10.39 am. The stock touched a day's high of Rs418.10 per piece on Friday morning.

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