ICRA upgrades long term rating of Indo Count Industries Ltd

ICRA Ratings ("Rating Agency") vide its intimation dated January 10, 2022 has upgraded credit rating for Indo Count Industries Limited's long term bank facilities and reaffirmed credit rating for the short term bank facilities.

For long term bank facilities - "ICRA AA-" (AA minus) with "Stable" outlook - upgraded from "ICRA A+ (A plus)" with outlook "Positive". The said credit rating signifies high degree of safety regarding timely servicing of financial obligations. Such facilities carry low credit risk.

For the Short term bank facilities - "ICRA A1+ (A one plus)" reaffirmed. The said credit rating signifies very strong degree of safety regarding timely payment of financial obligations. Such facilities carry lowest credit risk.

Shares of Indo Count Industries Limited was last trading in BSE at Rs. 261.85 as compared to the previous close of Rs. 262.20. The total number of shares traded during the day was 17129 in over 876 trades.

The stock hit an intraday high of Rs. 265.90 and intraday low of 260.85. The net turnover during the day was Rs. 4513367.00.

Source : Equity Bulls

Keywords

IndoCountIndustries INE483B01026 ICIL Textiles RatingUpgrade