Ind-Ra places India Glycols’ long-term issuer ratings of A- on Rating Watch Positive

The credit rating agency placed non-fund-based limit Rs1,153.35cr at IND A-/RWP/IND A2+/RWP.

Mar 24, 2021 03:03 IST India Infoline News Service

India Glycols Limited informed the exchanges Tuesday that India Ratings & Research (Ind-Ra) has placed the company’s long-term issuer ratings of ‘IND A-‘ on Rating Watch Positive (RWP).

The rating on term loan Rs452.43cr has been placed at IND A-/ RWP. For proposed term loan Rs200cr rating was IND A-/ RWP and fund-based limit Rs415cr at IND A-/RWP/IND A2+/RWP.

The credit rating agency placed non-fund-based limit Rs1,153.35cr at IND A-/RWP/IND A2+/RWP.

Towards close of trade on Wednesday, India Glycols Limited was trading at Rs447.75 per piece down Rs20.15 or 4.31% on the BSE.

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