CRISIL revises credit ratings on MRO-TEK Reatly's bank loan facilities

The withdrawal is in line with CRISIL Ratings policy on withdrawal of bank loan ratings.

Mar 30, 2021 12:03 IST India Infoline News Service

CRISIL Ratings has reaffirmed its ratings on Rs17cr bank facilities of MRO-Tek Realty Limited (MRL) and simultaneously withdrawn the rating at the company's request and on receipt of a no-objection certificate (NOC) from the banker.

For Long-term rating CRISIL reaffirmed CRISIL B+ with Stable outlook and for Short term rating it was reaffirmed CRISIL A4.

The withdrawal is in line with CRISIL Ratings policy on withdrawal of bank loan ratings.

MRL is engaged in providing supply and service of networking products. It offers a wide range of products such as Leased-line modems, Muxes, Cross connects, Ethernet edge access devices, Media Converters, Optical Wireless products for high speed connectivity, for all types of media Copper, Fiber and Wireless.

MRO-TEK Realty was trading at Rs32.95 apiece down by Rs0.25 or 0.75% from its previous closing of Rs33.20 apiece on the BSE, at aroound 12:52 PM.

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