CRISIL upgrades credit ratings on Titagarh Wagons bank facilities; Stock ends higher

The company’s rating has been revised to ‘CRISIL A-/Stable/CRISIL A2+’ from ‘CRISIL BBB/Positive/CRISIL A3+’.

Jul 22, 2021 04:07 IST India Infoline News Service

Titagarh Wagons rallies
CRISIL Ratings has upgraded its ratings on the Bank facilities of Titagarh Wagons Limited (TWL) to ‘CRISIL A-/Stable/CRISIL A2+’ from ‘CRISIL BBB/Positive/CRISIL A3+’.

The rating on long-term fund-based facilities has been revised to CRISIL A-/Stable from CRISIL BBB/Positive. On the short-term non-fund-based facilities the credit rating agency revised the company’s rating to CRISIL A2+ from CRISIL A3+.

Titagarh Wagons Ltd ended at Rs73.30 per piece up by Rs2.25 or 3.17% from its previous closing of Rs71.05 per piece on the BSE.
The scrip opened at Rs72 and has touched a high and low of Rs73.50 and Rs71.20 respectively, during intraday trade on Thursday. 

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