ICRA assigned Credit Rating for Rs. 230.79 crore (enhanced from Rs. 196.07 crore) Line of Credit of Rossell India Limited

The Rating Committee of ICRA, after due consideration, has upgraded the long-term rating assigned earlier for the Line of Credit (LOC) to [ICRA]A- (pronounced ICRA A minus) from [ICRA]BBB- (pronounced ICRA triple B plus). The Rating Committee of ICRA has also upgraded the short-term rating assigned earlier for the LOC to [ICRA]A2+ (pronounced A two plus) from [ICRA]A2 (pronounced ICRA A two). The outlook on the long-term rating is 'Stable'.

The Rating Committee of ICRA, has also assigned a long-term rating of [ICRA]A- (pronounced ICRA A minus) and a short-term rating of [ICRA]A2+ (pronounced ICRA A two pus) for an enhanced amount of Rs. 34.72 crore. The outlook on the long-term rating is Stable.

Shares of ROSSELL INDIA LTD. was last trading in BSE at Rs.140.9 as compared to the previous close of Rs. 143.45. The total number of shares traded during the day was 571 in over 47 trades.

The stock hit an intraday high of Rs. 147.7 and intraday low of 139. The net turnover during the day was Rs. 82502.

Source : Equity Bulls

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