From ICRA
Gulf Oil Lubricants India has been upgraded by ICRA, a Credit Rating Agency. ICRA has upgraded the long-term rating from [ICRA]A (pronounced ICRA A) to [ICRA]A+ (pronounced ICRA A plus) and the short-term rating from [ICRA]A1 (pronounced ICRA A one) to [ICRA]A1+ (pronounced ICRA A one plus) assigned to the fund based limits and non-fund based limits of Gulf Oil Lubricants India (GOLIL) aggregating to Rs. 392.00 crore (enhanced from Rs. 345.00 crore). The outlook on the long-term rating is Stable. ICRA has also withdrawn the long-term rating assigned to the Rs. 15.00 crore term loans of GOLIL, as there is no amount outstanding against the same. amount outstanding against the same.Powered by Capital Market - Live News
