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Ind-Ra revises rating on bank facilities of Srikalahasthi Pipes

The rating on long-term loans and fund-based working capital facilities has been revised to IND A+/Stable.

October 06, 2021 4:34 IST | India Infoline News Service
India Ratings & Research (Ind-Ra) has revised the rating of the bank facilities of the Srikalahasthi Pipes Limited. The rating on long-term loans and fund-based working capital facilities has been revised from IND AA-/RWN to IND A+/Stable.

The credit rating agency also revised rating on non-fund-based working capital facilities and commercial papers from IND A1+/RWN to IND A1+.

Srikalahasthi Pipes Ltd ended at Rs210.70 down by Rs7.4 or 3.39% from its previous closing of Rs218.10 per piece on the BSE.

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