CRISIL upgrades long term rating outlook of Deepak Nitrite; stock dips 1%

The rating of the company for Bank Loan facilities of Rs750cr has been upgraded from ‘CRlSlL AA-/Positive" to ‘CRlSlL AA/Stable’.

Mar 19, 2021 10:03 IST India Infoline News Service

CRISIL Limited has upgraded the long term rating outlook of Deepak Nitrite Limited for Bank Loan facilities of Rs750cr from ‘CRlSlL AA-/Positive" to ‘CRlSlL AA/Stable’.

The credit rating agency has also re-affirmed the Short Term rating of the company as ‘CRlSlL A1+

At around 10.18 am, Deepak Nitrite Ltd was trading at Rs1468.40 per piece down Rs17.35 or 1.17% from its previous closing of Rs1,485.75 per piece on the BSE.

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