Don’t miss the latest developments in business and finance.

CEAT gets reaffirmation of credit ratings from CARE

Image
Capital Market
Last Updated : Jan 09 2019 | 3:50 PM IST
CEAT announced that CARE Ratings, has reaffirmed the company's ratings as under -

Long term bank facilities (Rs 1070 crore) - CARE AA-; Stable (Reaffirmed)
Short term bank facilities (Rs 1300 crore) - CARE A1+ (Reaffirmed)
Commercial paper (Rs 350 crore) - CARE A1+ (Reaffirmed)

Further CARE has withdrawn the rating assigned to Non-Convertible Debentures (NCDs) amounting to Rs. 200 crore, issued by the Company since the said NCDs were fully repaid on 31 July 2018.

Powered by Capital Market - Live News

Also Read

First Published: Jan 09 2019 | 3:06 PM IST

Next Story