Brickworks upgrades TVS Electronics' long-term rating to ‘BWR A'; stock surges ~1.5%

13 Jul 2022 , 03:44 PM

TVS Electronics Limited informed that M/s Brickwork Ratings India Private Limited vide their letter dated 12th July, 2022 have upgraded the ratings -with revision in outlook.

The rating agency has upgraded the long-term rating to ‘BWR A’ from existing ‘BWR A-’. Further, it has revised the outlook from Positive to Stable.

Company’s non-fund based short-term facilities’ rating was upgraded to ‘BWR A1’ from existing ‘BWR A2+’.

TVS Electronics’ counter ended at Rs205, up by 1.43% against its previous close of Rs202.10 on NSE. It touched intraday high and low of Rs209.95 and Rs202.40 respectively so far.