Ind-Ra upgrades credit rating of SPIC; stock trades flat

The rating on fund-based working capital limits of the company has been upgraded to IND BBB+ with a Stable Outlook.

Oct 18, 2021 10:10 IST India Infoline News Service

IT Stocks Up
India Ratings and Research Private Limited (Ind-Ra) has upgraded Southern Petrochemical Industries Corporation Ltd. (SPIC) fund-based working capital limits to IND BBB to IND BBB+ with a Stable Outlook.

At around 10.56 am, Southern Petrochemicals Industries Corporation Ltd was trading at Rs51.75 per piece up by Rs0.05 or 0.1% from its previous closing of Rs51.70 per piece on the BSE.
The scrip opened at Rs51.50 and has touched a high and low of Rs52.50 and Rs51.50 respectively. 

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