CARE assigns credit ratings to bank facilities of Shree Rama Newsprint

29 Mar 2022 , 12:00 PM

CARE Ratings Limited has assigned credit ratings to bank facilities of Shree Rama Newsprint Limited. The rating on long-term bank facilities Rs102.16 crore (reduced from Rs150.10 crore) has been revised to CAREBB; CWD Outlook: Under Credit watch with developing Implications from CARE BB+; Stable (placed on credit watch with developing implications).

For long-term/ short term bank facilities Rs2 crore (reduced from Rs6 crore) CARE BB/CARE A4; CWD Outlook: Under Credit watch with developing Implications) has been revised from CARE BB+; Stable/ CARE A4+ Placed on Credit watch with developing Implications.

The rating on long-term bank facilities has been withdrawn. At around 12.02 pm, Shree Rama Newsprint Ltd was trading at Rs17.50 per share up by Rs0.05 or 0.29% from its previous closing of Rs17.45 per share on the BSE.