CRISIL revises Safari Industries bank facilities' outlook to 'Positive', reaffirms rating

24 Jan 2022 , 11:35 AM

Safari Industries (India) Ltd has informed that CRISIL Ratings agency has reaffirmed the bank loan ratings worth Rs150cr of the company and revises the outlook to ‘Positive’.

The long-term rating has been reaffirmed at CRISIL ‘A-/Positive’ where outlook revised to Positive from ‘Stable’. Similarly, short-term ratings has been reaffirmed at ‘CRISIL A2+’.

As per rationale report, all the ratings reviewed by CRISIL are kept under continuous surveillance and review.

At around 11:36 AM, Safari Industries (India) was trading at Rs923.95 per piece down by Rs8.1 or 0.87% from its previous closing of Rs932.05 per piece on the BSE.