Acuite Ratings & Research Ltd updates on rating of Edelweiss Financial Services Limited

Acuite Ratings & Research Limited ("ACUITE") has re-affirmed the credit rating 'ACUITE AA (Outlook - Negative)' for the existing Long Term Borrowing Programme of Rs. 400 crores of Edelweiss Financial Services Limited. Further, ACUITE has also assigned the credit rating of 'ACUITE AA (Outlook - Negative)' for the proposed Long Term Borrowing Programme of Rs. 1,500 crores of the Company.

'ACUITE AA' rating indicates high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Shares of Edelweiss Financial Services Ltd. was last trading in BSE at Rs. 88.75 as compared to the previous close of Rs. 93. The total number of shares traded during the day was 623768 in over 8372 trades.

The stock hit an intraday high of Rs. 94.45 and intraday low of 88.35. The net turnover during the day was Rs. 56364580.

Source : Equity Bulls

Keywords