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Ind-Ra assigns Blue Dart Express' long-term issuer rating of AA with a Stable outlook

The credit rating agency also assigned IND AA/Stable rating on the Term loan of the company.

December 29, 2021 10:17 IST | India Infoline News Service
India Ratings
India Ratings and Research (Ind-Ra) has assigned Blue Dart Express Ltd (BDEL) a long-term issuer rating of ‘IND AA’. The outlook is Stable.

The ratings on fund-based working capital Rs1950 million have been assigned at IND AA/Stable/IND. For non-fund-based working capital Rs50 million IND AA/Stable/IND A1+ was assigned. The credit rating agency also assigned IND AA/Stable rating on Term loan (November 2022) Rs375 million.

At around 10.21 am, Blue Dart Express Ltd was trading at Rs6,194.50 per piece down by Rs11.6 or 0.19% from its previous closing of Rs6,206.10 per piece on the BSE.

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