ICRA reaffirms rating of Century Plyboards India Ltd

ICRA Limited has reaffirmed [ICRA] AA (Stable) (pronounced ICRA double A) in respect of long term credit facilities and [ICRA] A1+ (pronounced ICRA A one plus) rating for Century Plyboards (India) Ltd in respect of short term credit facilities.

The Rating Committee of ICRA, after due consideration, has reaffirmed the long-term rating of [ICRA]AA (pronounced ICRA double A) and has reaffirmed the short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) assigned earlier to the Rs. 440.00 crore bank facilities of Century Plyboards (India) Ltd. The Rating Committee of ICRA, after due consideration, has assigned long-term rating of [ICRA]AA (pronounced ICRA double A) and has assigned the short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to the captioned bank facilities ("Rating") of Rs. 620.00 crore bank facilities. The Outlook on the long-term rating is Stable.

Shares of Century Plyboards (India) Limited was last trading in BSE at Rs. 776.90 as compared to the previous close of Rs. 774.40. The total number of shares traded during the day was 3337 in over 443 trades.

The stock hit an intraday high of Rs. 784.35 and intraday low of 763.00. The net turnover during the day was Rs. 2571069.00.

Source : Equity Bulls

Keywords

CenturyPlyboardsIndia INE348B01021 RatingUpdate Reaffirmed