CRISIL reaffirms credit rating of Bhagwati Autocast

23 Feb 2022 , 03:21 PM

On Wednesday, Credit rating agency, CRISIL Ltd. has reviewed and assigned the ratings on the bank facilities of Bhagwati Autocast Limited.

CRISIL has assigned ‘CRISIL BBB’ ratings to the company’s long-term facilities. Credit rating to the company’s short-term facilities was assigned as ‘CRISIL A3’. The total bank loan facilities under review were Rs16.66 crore.

CRISIL has given a stable outlook for long-term facilities. These ratings signify the high creditworthiness of companies’ instruments.

Bhagwati Autocast ended at Rs182.95 up by Rs4.95 or 2.78% from its previous closing of Rs178 on the BSE. The scrip opened at Rs162 and touched an intraday high and low of Rs186 and Rs162 respectively.