ICRA reaffirms rating on Surya Roshni's SBLC-backed commercial paper programme

The rating factored in the payment mechanism designed to ensure payment of the rated CPs as per the terms of the transaction.

May 04, 2021 02:05 IST India Infoline News Service

ICRA Ratings on 28th April, 2021 has reaffirmed Credit Rating to ICRA A1+(CE) for Rs200cr SBLC backed Commercial Paper Program of Surya Roshni Limited.

The rating factored in the payment mechanism designed to ensure payment of the rated CPs as per the terms of the transaction.

The aforesaid rating reflects strong credit quality and ensures a very strong degree of safety regarding timely payment of financial obligations by Company.

At around 2:50 PM, Surya Roshni was trading at Rs435.55 per piece down by Rs16.4 or 3.63% from its previous closing of Rs451.95 per piece on the BSE.

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