ICRA reaffirms rating of Sanghvi Movers Ltd

The Rating Committee of ICRA Limited vide their communication dated 29 August 2022, after due consideration, has reaffirmed the long-term rating at [ICRA]A (pronounced ICRA A) and short-term rating at [ICRA]A1 (pronounced ICRA A one) ('Rating'). The outlook on the long-term rating is Stable.

Instruments with [ICRA]A rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. Instruments with [ICRA]A1 rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Source : Equity Bulls

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SanghviMovers RatingUpdate Reaffirmed