ICRA upgrades credit rating of Barbeque-Nation Hospitality; Stock up 2%

The credit rating agency rated bank limits on the long-term scale at ICRA A- with a Stable outlook.

Jul 14, 2021 12:07 IST India Infoline News Service

ICRA has upgraded the credit rating for the bank facilities of Barbeque-Nation Hospitality Limited. The credit rating agency rated bank limits in Axis Bank Rs6.50cr on the long-term scale at ICRA A- with a Stable outlook. 

The rating on the short-term bank limits in Axis Bank Rs5cr and IndusInd Bank Rs15cr has been assigned ICRA A2+.

At around 12.46 PM, Barbeque-Nation Hospitability Limited was trading at Rs916.15 per piece up Rs17.05 or 1.90% on the BSE. The stock hit a day's high of Rs921 per piece during intraday trade on Wednesday.

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