ICRA assigned Credit Rating for Rs. 1798.0 crore debt facilities of KRBL Limited

The Rating Committee of ICRA, after due consideration of the latest developments of your company, has reaffirmed the long-term rating at [ICRA]AA- (pronounced as ICRA double A minus)† and short-term rating at [ICRA]A1+ (pronounced as ICRA A one plus) for the captioned Line of Credit (LOC). The ratings have been removed from rating watch with negative implications and a Stable outlook has been assigned to the long-term rating.

ICRA has removed the rating from 'Watch with negative implications' and a 'Stable' outlook has been assigned for the long-term rating of KRBL Limited.

KRBL remains committed to maintain highest standards of probity and professional excellence and assures its investors/shareholders, of total and unflinching commitment. The Company continues to have a robust business model with adequate internal accruals to drive growth objectives.

Shares of KRBL LTD. was last trading in BSE at Rs.243.2 as compared to the previous close of Rs. 252.05. The total number of shares traded during the day was 45931 in over 1901 trades.

The stock hit an intraday high of Rs. 256.9 and intraday low of 232.95. The net turnover during the day was Rs. 11046782.

Source : Equity Bulls

Keywords