ICRA assigned credit rating to Dodla Dairy's bank facilities worth Rs250 crore

29 Jul 2022 , 02:24 PM

Dodla Dairy Limited informed that ICRA Limited reviewed the ratings assigned to the company’s bank facilities.

ICRA has reaffirmed the long-term rating outstanding on bank facilities worth Rs250 crore at ‘ICRA AA-’. Further, it has given a Stable outlook on the same.

It has assigned a short-term rating of ‘ICRA A1+’ to the captioned line of credit of Rs40.50 crore.

The rating agency has also withdrawn the ratings assigned to the company’s NCDs worth Rs110 crore, bearing the ‘ICRA AA-’ rating.

This rating indicates a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

At around 2.27 PM, Dodla Dairy was trading at Rs488.25 per piece, down by 0.18% against previous close of Rs488.95 on NSE. So far, it touched intraday high and low of Rs490.45 and Rs486.25 respectively.

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