CRISIL reaffirms AA- rating of Angel One's bank loan facilities

18 Jul 2022 , 11:45 AM

Angel One Limited informed that CRISIL Ratings Limited has reaffirmed its ratings on the long-term bank facilities, short-term bank facilities, and commercial paper of the company.

The rating agency has also enhanced the quantum for bank loan facilities and commercial paper of the company from the existing Rs1,500 crore to Rs4,500 crore.

The rating agency has reaffirmed the ‘CRISIL AA-’ rating for the long-term bank facilities of the company. The outlook for such instruments has been kept ‘Stable’.

Short-term rating of the company has been reaffirmed at ‘CRISIL A1+’.

CRISIL has also reaffirmed the ‘CRISIL A1+’ rating to the company’s commercial papers worth Rs750 crore, which has been enhanced from the existing Rs500 crore.

Further, CRISIL has also assigned rating on the long-term principal protected market-linked debentures worth Rs100 crore. The rating agency has given a ‘CRISIL PPMLD AA-r/Stable’ rating to the same.

At around 11.48 AM, Angel One was trading at Rs1,282.50 per piece, down by Rs1.75 or 0.14% from its previous closing of Rs1,284.25 on the BSE. The scrip opened at Rs1,312 and has touched intraday high and low of Rs1,316.20 and Rs1,280.30 respectively.