India Ratings and Research (Ind-Ra) has affirmed IRB Infrastructure Developers Limited
(IRB Infra) long-term Issuer Rating at ‘IND A+’. The rating on non–fund based bank facilities Rs1,200cr was affirmed at IND A+/Negative/IND A1+. The outlook was revised to Negative.
The credit rating agency affirmed A+/Negative/IND A1+rating on term-loan Rs1,231.53cr. Outlook revised to Negative. The rating on Non-Convertible Debenture (NCDs) Rs1,250cr has been affirmed at IND A+/Negative. Outlook revised to Negative.
At around 11.41 AM, IRB Infrastructure Developers Ltd was trading at Rs177.85 per piece up by Rs3.95 or 2.27% from its previous closing of Rs173.90 per piece on the BSE.
The scrip opened at Rs184.20 and has touched a high and low of Rs184.20 and Rs175.55 respectively, during intraday trade on Thursday.