ICRA upgrades rating on Mrs. Bectors Food Specialities long-term bank facilities

The company’s Short term rating has been reaffirmed at ICRA A1+.

Aug 13, 2021 11:08 IST India Infoline News Service

ICRA Limited has revised the credit ratings of Mrs. Bectors Food Specialities Limited for its Bank facilities aggregating Rs270cr. The credit rating agency has upgraded the company’s long-term rating to ICRA AA- / Stable from ICRA A+ /Positive. The short-term rating has been reaffirmed at ICRA A1+.

“The aforesaid Rating(s) will be due for surveillance any time before August 04, 2022. However, ICRA reserves the right to review and/or, revise the above Rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the Rating(s),” the company said in a filing on Thursday.

At around 11.03 AM, Mrs. Bectors Food Specialities Limited was trading at Rs408.65 per piece up Rs2.70 or 0.67% on the BSE. 

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