ICRA reaffirms credit ratings of Pricol's bank facilities; Stock hits 52-week high

13 Jan 2022 , 12:28 PM

Pricol Ltd has informed that ICRA has reaffirmed the ratings on bank loan facilities of the Company.

As per regulatory filig, the long-term ratings has been reaffirmed at [ICRA] BBB with Stable outlook while short term ratings has been reaffirmed to [ICRA] A3+.

According to the rationale, ICRA has considered the financial performance of the company while considering the rating. Furthrmore, the stable outlook on the long term rating reflects ICRA’s expectation that factors in improvement in the operating environment in the current fiscal.

At a round 12:30 PM, Pricol was trading at Rs132.70 per piece higher by 10.91%, after hitting 52-week high at Rs135.30 per piece during early trading hours on Sensex.