Brickwork reaffirms ratings to bank loan facilities of WeP Solutions; Stock soars 3%

17 Feb 2022 , 09:25 AM

Brickwork Ratings India Private Limited has reaffirmed the ratings to the Bank Loan facilities of WEP Solutions Limited. The long-term rating on fund-based cash credit term loan Rs13cr (increased from Rs5.33cr) has been reaffirmed at BWR BBB‐/ Stable. For non-fund-based Letter of Credit Rs2.50cr, the short-term rating of BWR A3 has been reaffirmed. 

The company stock was bullish on Thursday and at adound 9.27 am, WEP Solutions Ltd was trading at Rs27.95 per piece up by Rs0.85 or 3.14% from its previous closing of Rs27.10 per piece on the BSE.

The scrip opened at Rs27.95 and has touched a high and low of Rs27.95 and Rs27.95 respectively.