ICRA reaffirms rating of Warren Tea's bank facilities; Stock up 1%

11 Oct 2022 , 02:27 PM

Warren Tea Limited has informed that the Rating committee of ICRA has reaffirmed credit ratings of the company.

The long-term rating of the Company is reaffirmed at’ [ICRA]BB- and the outlook on the long-term rating is Stable.

Further, the short-term outstanding rating [ICRA]A4 stands withdrawn as the short-term non-fund based facilities have been closed by the banks and there is no amount outstanding against the earlier rated instruments, the rating agency said in a rating rationale report.

At around 2:37 PM, Warren Tea Ltd is currently trading at Rs72.25 per share up by Rs0.95 or 1.33% from its previous closing of Rs71.30 per share on the BSE.

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