ICRA assigns A1+ rating to Godrej Industries issue of CP Programme of upto Rs1,500cr; stock trades higher
The company had sought an enhancement in the amount of Commercial Paper programme by Rs500cr from Rs1,000cr.
Dec 02, 2020 10:12 IST India Infoline News Service

“The Rating Committee of ICRA after due consideration of the latest developments in your company, has assigned the rating of ICRA A1+ to your CP programme for an enhanced amount of Rs1,500cr. Instruments with ICRA A1+ rating indicate very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk,” company informed the exchanges on Tuesday.