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.