CRISIL reaffirms credit rating on bank facilities of Marico; Stock drops 1.5%

20 Jan 2022 , 02:00 PM

CRISIL Ratings Limited has reaffirmed the credit rating on the limits of various bank facilities availed by Marico Limited, including the addition of the Environment, Social, and Governance (ESG) profile.

The rating on long-term bank loan facilities of the company has been reaffirmed at CRISIL AAA/Stable. On short-term bank loan facilities, CRISIL A1+ rating has been reaffirmed.

At around 2.00 pm, Marico Ltd was trading at Rs487.45 per piece down by Rs7.2 or 1.46% from its previous closing of Rs494.65 per piece on the BSE.

The scrip opened at Rs494 and has touched a high and low of Rs495.60 and Rs487.05 respectively.