Additional Rs50cr bank facilities have been assigned a long term rating of ICRA AA- with outlook as ‘stable’ and short-term rating of ICRA A1+.
“Rating Committee of ICRA, after due consideration, has reaffirmed the long -term rating for the captioned Line of Credit (LOC) at ICRA AA-. The Rating Committee of ICRA, after due consideration, has assigned a long-term rating of ICRA AA- and short-term rating of ICRA A1+ to the additional Rs50cr bank lines. The outlook on the long-term rating is stable. The aforesaid ratings are valid until November 22, 2021,” company shared in a regulatory filing on Thursday.
At around 11.02 am, Rane Holdings Ltd was trading at Rs477.45 per piece down Rs10.35 or 2.12% from its previous closing of Rs487.80 per piece on the BSE.