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ICRA reaffirms rating for bank facilities of Graphite India; Stock trades flat

The credit rating agency has reaffirmed the long-term rating at AA+ and short term rating at A1.

November 16, 2021 11:16 IST | India Infoline News Service
Graphite India
ICRA Limited has reaffirmed the long-term rating at AA+ and short-term rating at A1+ for Rs1,000cr bank working capital facilities of Graphite India Limited.

The outlook on the long-term rating is revised to Stable from Negative. ICRA assigned a short-term rating at A1+ for the Rs300cr commercial paper programme of the company.

At around 11.18 am, Graphite India Ltd was trading at Rs514.50 per piece down by Rs1.3 or 0.25% from its previous closing of Rs515.80 per piece on the BSE.

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