Ind-Ra upgrades credit ratings of Eveready Industries; Stock down ~1%

The credit rating agency has upgraded the company’s rating to IND BBB+/ Stable /IND A2+.

Aug 10, 2021 10:08 IST India Infoline News Service

India Ratings and Research has upgraded Eveready Industries India Limited credit ratings to ‘IND BBB+’ from ‘IND BBB-’ and the Outlook is Stable. The rating on Term Loans is upgraded to IND BBB+/Stable.

The credit rating agency also upgraded the rating on Fund-based Limits Long Term/Short Term rating to IND BBB+/ Stable /IND A2+. On Non-fund based Limits Long Term/Short Term company’s facilities the rating has been upgraded to IND BBB+/ Stable /IND A2+.

At around 10.08 AM, Eveready Industries India Ltd was trading at Rs374.60 per piece down by Rs3.6 or 0.95% from its previous closing of Rs378.20 per piece on the BSE.

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