ICRA Ltd assigns rating to Edelweiss Financial Services Limited

ICRA Limited has assigned the credit rating of 'ICRA A+ (Negative)' for the proposed Long Term Borrowing Programme of Rs. 1,500 crores of the Company.

'ICRA A rating indicates adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

[The modifier '+'(plus)/ '-'(minus) reflects comparative standing within the category.]

Shares of Edelweiss Financial Services Ltd. was last trading in BSE at Rs. 90.65 as compared to the previous close of Rs. 92.15. The total number of shares traded during the day was 363262 in over 4798 trades.

The stock hit an intraday high of Rs. 92.9 and intraday low of 90. The net turnover during the day was Rs. 33176938.

Source : Equity Bulls

Keywords