ICRA upgrades credit ratings of Rajratan Global Wire

The long-term rating on the company’s facilities has been upgraded to ICRA A (Stable) from ICRA A- with a Stable outlook.

Mar 25, 2021 04:03 IST India Infoline News Service

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ICRA Limited, based on an annual review of the latest developments and after due consideration has improved the long term and short term ratings of the Rajratan Global Wire Ltd.

The long-term rating on the company’s credit facilities has been upgraded to ICRA A (Stable) from ICRA A- with a Stable outlook. The short-term rating of the company has been upgraded to ICRA A1 from ICRA A2+.

Rajratan Global Wire Ltd ended at Rs788.10 per piece down by Rs19.8 or 2.45% from its previous closing of Rs807.90 per piece on the BSE.

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