Oriental Carbon & Chemicals trades higher after ICRA reaffirms its credit ratings

The credit rating agency has reaffirmed the long-term rating of ICRA AA-. The outlook on the long-term rating is stable.

Jul 29, 2021 12:07 IST India Infoline News Service

IT Stocks Up
ICRA Limited has reaffirmed the rating on credit facilities of Oriental Carbon & Chemicals Ltd. The credit rating agency has reaffirmed the long-term rating of ICRA AA-. The outlook on the long-term rating is stable. The short-term rating of ICRA A1+ has also been reaffirmed.

Regarding the rating of the Fixed Deposit Programme, the company said in a filing on Wednesday that the tenure of all public deposits accepted by the Company has ended and matured. Hence, it is no longer necessary to obtain any Credit Rating for the same.

PM
The scrip opened at Rs1,130 and has touched a high and low of Rs1,140 and Rs1,118.75 respectively, during intraday trade on Thursday. 

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