ICRA revises rating outlook for Piramal Enterprises' debt instruments

28 Apr 2022 , 01:05 PM

Piramal Enterprises Limited informed that ICRA Limited has reviewed the long-term and short-term debt instruments of the company, and has assigned ratings accordingly.

The company stated that the rating agency has assigned ‘ICRA AA/Stable’ ratings to the company’s Long-term Non-Convertible Debentures.

The rating agency has assigned ‘ICRA AA/Stable/ICRA A1+’ ratings to the ‘Long-term/Short-term Bank Facilities’.

The rating agency has revised the outlook from under watch with developing implications to Stable.

At around 1.03 PM, Piramal Enterprises was trading at Rs2,123.05, down by 1.74% against the previous close of Rs2,160.75 on NSE. So far in the day, it touched intraday high and low of Rs2,180.95 and Rs2,105.70 respectively.