The credit rating agency affirmed IND A-/Stable (off RWN) on the company’s Term loan FY27 Rs292cr. The rating on fund-based working capital limit - Rs205cr has been affirmed at IND A-/Stable/IND A2+ (Off RWN).
The rating on non-fund based working capital credit limits Rs22.5cr has been affirmed at IND A-/Stable/IND A2+ (Off RWN). The rating on term loan/letter of credit FY22 Rs20cr has been affirmed at IND A-/Stable (Off RWN).
At around 10.20 am, Rico Auto Industries Ltd was trading at Rs35.80 per piece down Rs1.90 or 5.04% from its previous closing of Rs37.70 per piece on the BSE.