ICRA reaffirms rating to Munjal Auto Industries credit facilities

The credit rating agency has reaffirmed the rating on long-term bank facilities at ICRA AA- (Stable).

Oct 05, 2021 03:10 IST India Infoline News Service

ICRA Limited has reaffirmed its rating assigned to Munjal Auto Industries Limited in respect of long-term/ short-term bank facilities and commercial papers on October 04, 2021.

The credit rating agency has reaffirmed the rating on long-term bank facilities at ICRA AA- (Stable). On short-term bank facilities, the ICRA A1+ rating has been reaffirmed. The rating on Commercial Papers(CP)/ Short Term Debt(STD) has been reaffirmed at ICRA A1+.

Towards close of trade on Tuesday, Munjal Auto Industries Ltd was trading at Rs59.50 per piece down by Rs0.35 or 0.58% from its previous closing of Rs59.85 per piece on the BSE.

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity