Ind-Ra affirms rating BBB+ (Positive) for the bank facilities of Dynamatic Technologies
India Infoline News Service |
22 Feb, 2022 |
India Rating & Research (Ind-Ra) has affirmed the rating as BBB+ (Positive) for the bank facilities of Dynamatic Technologies Limited on Monday. The credit rating agency has affirmed the fund-based / non-fund-based working capital limits Rs700 million at IND BBB+/Positive/IND A2+.
For non-fund-based working capital limits Rs150 (reduced from Rs230 million) IND A2+ rating has been affirmed.
On term-loan Rs2,537 million (reduced from Rs3,198.8 million, IND BBB+/Positive rating has been affirmed.
At around 9.27 am, Dynamatic Technologies Ltd was trading at Rs1,850.85 per piece down by Rs69.35 or 3.61% from its previous closing of Rs1,920.20 per piece on the BSE.