Ind-Ra upgrades credit rating of Mahindra Holidays & Resorts; Stock trades flat

The credit rating agency has upgraded the company’s Long-Term Issuer Rating at 'IND A+' from 'IND A' with a Stable Outlook.

Oct 21, 2021 10:10 IST India Infoline News Service

Mahindra Holidays & Resorts India Ltd.
India Ratings and Research (Ind-Ra) has upgraded Mahindra Holidays & Resorts India Limited's (MHRIL) Long-Term Issuer Rating at 'IND A+' from 'IND A' with stable Outlook.

The rating on fund-based working capital limits Rs600 million has been upgraded to IND A+/Stable from IND A/Stable. On the non-fund-based working capital limits Rs100 million, the rating has been upgraded to IND A1+ from IND Al.

At around 10.15 am, Mahindra Holidays & Resorts India Ltd was trading at Rs244.70 per piece up by Rs0.7 or 0.29% from its previous closing of Rs244 per piece on the BSE.

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity