India Ratings & Research assigns Short Term credit rating of IND A1 to Orient Bell Limited

Orient Bell Limited has been assigned Short Term Credit Rating as IND A1 by India Ratings & Research (a Fitch Group Company).

On June 28, 2022 the Company had announced upgradation of Long Term and Short Term ratings to CRISIL A/Stable and CRISIL A1 respectively issued by CRISIL.

Mr. Himanshu Jindal, CFO of the Company commented "In addition to the recent upgrade from CRISIL, a similar revalidation of our credit ratings from India Ratings reflects the consistent operational and financial development at Orient Bell Ltd. over the last few years. We are already close to achieving closure of our phase 1 capex programme adding ~25% of our own organic capacities and the strong balance sheet along with upgraded credit ratings does allow us sufficient headroom to further pursue and execute our strategic priorities."

Source : Equity Bulls

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