23 Mar 2022 , 02:05 PM
ICRA Limited has rated the bank loan facilities worth Rs473 crore of Kolte Patil Developers Limited at ICRA A+.
“The Rating committee of ICRA after due consideration has assigned a long-term rating of ICRA A+ to the captioned bank facility. The outlook on the long-term rating is Positive. This Rating indicates adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
At around 2.08 pm, Kolte Patil Developers Ltd was trading at Rs284.90 per piece down by Rs1.15 or 0.4% from its previous closing of Rs286.05 per piece on the BSE.
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