CRISIL assigns credit ratings to Transpek Industry's bank facilities; Stock tumbles over 3.5%

22 Feb 2022 , 11:37 AM

Transpek Industry Limited has informed to the exchanges regarding revision in ratings of the bank facilities of the company by CRISIL Ratings Agency.

CRISIL has assigned ‘A/Stable’ rating to the long-termbank loan facilities while ‘CRISIL  A1’ rating has been assigned to short-term bank loan
facilities.

As per the rating rationale, the ratings will remain valid till March 31, 2022.

At around 11:39 AM, Transpek Industry was trading at Rs1943 per piece lower by 3.64% on the BSE.