ICRA revises credit ratings on Warren Tea's bank facilities; Stock jumps 4%

The outlook on the long-term rating has been revised to Stable from Negative.

Sep 15, 2021 11:09 IST India Infoline News Service

Warren Tea
Warren Tea Ltd has informed to the exchange that it has received a communication from ICRA Limited regarding revision of credit rating of the Company on Tuesday.

The long term rating of the Companyhas been upgraded to [ICRA]BB- from [ICRA]B and the short term rating reaffirmed at [ICRA]A4.

The outlook on the long-term rating has been revised to Stable from Negative.

On Wedensday, at around 11:24 AM, Warren Tea was trading at Rs86.15 per piece up by Rs3.35 or 4.05%.

Previosuly, the scrip ended at Rs82.80 per piece on the BSE. The current market cap of the company is Rs98.95cr.

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