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KRBL receives revision in credit ratings from ICRA

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Capital Market
Last Updated : Sep 09 2020 | 1:50 PM IST
KRBL has received revision in credit ratings from ICRA as under -

Long term bank facilities (Rs 1619 crore) - ICRA AA-/ Stable (revised from ICRA AA-/ Rating watch with negative implications)

Short term bank faciltiies (Rs 179 crore) - ICRA A1+ (revised from ICRA A1+/ Rating watch with negative implications)

Commercial paper (Rs 500 crore) - ICRA A1+ (revised from ICRA A1+ / Rating watch with negative implications)

Pursuant to the above, ICRA has removed the rating from 'Watch with negative implications' and a 'Stable' outlook has been assigned for the long-term rating of KRBL.

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First Published: Sep 09 2020 | 1:34 PM IST

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