Informerics reaffirms IVR BBB-/ stable rating on Bliss GVS Pharma's long-term bank facilities

The rating of IVR A3 was assigned on company’s Short Term Bank Facilities.

Jan 13, 2021 04:01 IST India Infoline News Service

Informerics Ratings has assigned and/ or reaffirmed the ratings for the following instruments of the Bliss GVS Pharma Limited. The rating agency has reaffirmed IVR BBB-/ stable rating on Long Term Bank Facilities - Term Loan Rs60cr and Long Term Bank Facilities - Cash Credit Rs10cr.

The rating of IVR A3 was assigned on Short Term Bank Facilities - Bill Discounting Rs40cr, Short Term Bank Facilities - Letter of Credit Rs15cr and Short Term Fund Based Facility - Bill Discounting Rs10cr.

IVR A3 was also assigned on Short Term Fund Based Facility - PCFC Rs10cr, Short Term Non-Fund Based Facility - Letter of Credit/Bank Guarantee Rs11cr and (Proposed) Short Term Non-Fund Based Facility - Letter of Credit/Bank Guarantee Rs4cr.

Bliss GVS Pharma Ltd ended at Rs205.60 per piece up by Rs0.95 or 0.46% on the BSE.

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