CRISIL Limited has on Wednesday upgraded its rating on the bank facilities of Gujarat Ambuja Exports Limited
. The FMCG company has received CRISIL AA- rating on total bank loan facilities of Rs1016.40cr with Stable outlook. The rating has been upgraded from previous rating of CRISIL A+ with positive outlook.
The credit rating agency has also upgraded short-term rating of the company from CRISIL A1 to more reliable CRISIL A1+.
The company's trade ended at Rs118.10 per piece down by Rs1.75 or 1.46% from its previous closing of Rs119.85 per piece on the BSE.
The scrip opened at Rs123 and has touched a high and low of Rs123 and Rs116.45 respectively.