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ICRA assigns BBB-/Positive long-term rating for bank facilities of Onward Technologies

The credit rating agency assigned the short-term rating at A3 on the company’s bank facilities.

August 27, 2021 2:50 IST | India Infoline News Service
ICRA Limited has assigned long term rating for bank facilities of Onward Technologies Limited at BBB-/Positive and short term rating at A3.

The credit rating agency assigned long-term and short-term ratings of ICRA BBB-; Positive / ICRA A3 rating on Rs5cr Working Capital in HSBC Bank. It also assigned ICRA BBB-; Positive / ICRA A3 rating on long-term and short-term Working Capital Facilities of Rs5cr in ICICI Bank.

At around 2.52 pm, Onward Technologies Ltd was trading at Rs228 per piece down by Rs1.85 or 0.8% from its previous closing of Rs229.85 per piece on the BSE.
The scrip opened at Rs234.45 and has touched a high and low of Rs234.45 and Rs228 respectively. 

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