CRISIL Ratings has revised its rating outlook on the long term bank facilities of Indian Toners and Developers Limited
to 'Stable' from 'Negative’ and reaffirmed the rating at 'CRISIL BBB+’. The short term rating has been reaffirmed at 'CRISIL A2+'.
The outlook revision reflects the improvement in operating performance of ITDL since the second quarter of fiscal 2021, with easing of lockdown restrictions and the provisional anti-dumping duty levied on August 10, 2020.
The ratings continue to reflect the established market position and strong business risk profile of ITDL.
Indian Toners & Developers was trading at Rs189.30 apiece up by Rs2.6 or 1.39%, at around 3:27 PM.