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CRISIL upgrades credit ratings of Go Fashion India's bank facilities; Stock rises

Long Term Rating has been upgraded from ‘CRISIL BBB+ / Stable' to ‘CRISIL A-/Stable.

April 05, 2022 10:26 IST | India Infoline News Service
Go Fashion (India) Ltd has informed that CRISIL Ratings has upgraded the credit ratings for the Company.

Long Term Rating has been upgraded from ‘CRISIL BBB+ / Stable' to ‘CRISIL A-/Stable while Short Term Rating upgraded from 'CRISIL A2 ' to CRISIL A2+.

As per rating rationale, the rating outstanding on the above bank facilities during April 01, 2022, to April 03, 2022, was CRISIL A-/Stable/CRISIL A2+.

On Tuesday, at around 10:30 AM, Go Fashion (India) was trading at Rs990.50 apiece up by Rs1.2 or 0.12% from its previous closing of Rs989.30 apiece on the BSE.

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