CRISIL reaffirms credit rating of Century Enka's bank facilities

3 Mar 2022 , 01:13 PM

In its regulatory filing, Century Enka Ltd. announced that the credit rating agency CRISIL Ltd. has reaffirmed the credit rating of company’s bank facilities worth Rs545 crore.

The rating agency has assigned a ‘CRISIL A+’ rating to the company’s long-term bank facilities and has given a stable outlook. While credit rating for short-term bank facilities was ‘CRISIL A1+’.

Century Enka is an India-based synthetic yarn manufacturing company. It is a joint venture of B.K. Birla Group, India and Accordis Group, Netherland.

Its stock was trading slightly lower at Rs511.60 against its previous closing price of Rs514.20. It touched day’s high and low of Rs529 and Rs507.15 respectively.