Ind-Ra revises credit ratings of BSL; Stock soars 3%

16 Feb 2022 , 03:18 PM

India Ratings & Research (Ind-Ra) has revised the long-term and short-term credit rating of BSL Limited. The rating on term loan Rs1.356.3 million has been assigned at IND BBB/Stable.

On fund-based working capital facilities Rs1,350 million IND BBB/Stable/IND A3+ rating has been assigned. For non-fund-based facilities Rs404 million, IND A3+ was assigned.

Towards close of trade on Wednesday, BSL Ltd is currently trading at Rs107.65 up by Rs3.05 or 2.92% from its previous closing of Rs104.60 on the BSE.

The scrip opened at Rs107.70 and has touched a high and low of Rs109.80 and Rs106.20 respectively.