CRISIL upgrades Deepak Nitrites' rating to AA-/Positive

Crisil Limited has upgraded long term rating outlook of bank loan facilities of Rs750cr of Deepak Nitrite Limited from CRISIL AA- to CRISIL AA- with outlook changing from stable to positive. The short-term rating has been reaffirmed as CRISIL AA+.

“CRISIL Limited has upgraded long term rating outlook of the company for Bank Loan Facilities of Rs750cr of the company from CRISIL AA-/Stable to CRISIL AA-/Positive and reaffirmed short-term rating as CRISIL A1+,” the company informed the exchanges on Wednesday. 

Deepak Nitrite Ltd is currently trading at Rs856.40, down by Rs0.35 or 0.04% from its previous closing of Rs856.75 on the BSE.

Meanwhile, CRISIL Ltd is currently trading at Rs1,819.55, up by Rs2.25 or 0.12% from its previous closing of Rs1,817.30 on the BSE.