Ind-Ra has given an ‘IND BBB/IND A3+’ rating to the company’s Fund-based working capital limit worth Rs55 crore. The outlook has been kept as ‘Stable’.
Ind-Ra has upgraded the rating to ‘IND A3+’, assigned to the company’s non-fund-based working capital limit worth Rs92 crore.
Further, it has assigned ‘IND BBB/Stable/IND A3+’ to the proposed fund-based working capital limit worth Rs35 crore. Further, it assigned ‘IND A3+’ rating to the Proposed non-fund-based working capital limit worth Rs40 crore.
Rating assigned to term loan worth Rs2.44 crore stands withdrawn.
Ind-Ra stated in its rating rationale that the upgradation is on account of a substantial improvement in PSL’s FY22 financial performance, leading to an improvement in the credit metrics and liquidity profile of the company over the near-to-medium term.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.