Ind-Ra maintains Mindtree Limited's Long- Term Issuer Rating at ‘IND AAA'; stock ends ~1.5% higher

17 Mar 2022 , 04:15 PM

Mindtree Limited informed the investors and exchanges that India Ratings and Research (Ind-Ra) has maintained Mindtree Limited’s Long-Term Issuer Rating at ‘IND AAA’, the same as last year. It has assigned a stable outlook to the company’s facilities.

It has affirmed the ‘Ind A1+’ rating to the company’s fund-based working limits worth Rs510 crore. Its non-fund-based limits worth Rs150 crore have also been affirmed as ‘Ind A1+’ rating by the agency.

Proposed fund-based working limits worth Rs230 crore have been assigned credit rating ‘Ind A1+’.

Mindtree’s stock ended on a higher note today at Rs4,004.95 against its previous closing price of Rs3,949.40, up by Rs55.55 or 1.41%. It touched the day’s high and low of Rs4,077.90 and Rs3,970 respectively.