Godrej Industries gets ICRA AA/Stable rating on NCD programme from ICRA

This rating indicates a high degree of safety regarding timely servicing of financial obligations, the company said.

Mar 19, 2021 12:03 IST India Infoline News Service

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Godrej Industries Limited announced on Thursday that the Rating Committee of ICRA, after due consideration, has assigned a long-term rating of ICRA AA to Rs1500cr Non-Convertible Debenture (NCD) Programme. The Outlook on the long-term rating is Stable.

“This rating indicates a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk,” company said in a regulatory filing.

Ata round 1 pm, Godrej Industries Ltd is currently trading at Rs504.95 per piece down by Rs4.55 or 0.89% from its previous closing of Rs509.50 per piece on the BSE.

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