Sayaji Hotels receives revision in long term ratings from ICRA business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
V-Guard Industries announced that ICRA has revised the credit ratings for the company as under: Re-affirmed the Long-term credit rating for Rs. 344.87 Crore Line of Credit of the Company as [ICRA] AA (pronounced ICRA double A) The outlook on the Long-term rating remains Stable Re-affirmed the short-term rating for the Rs. 344.87 Crore Line of Credit as [ICRA]A1+ (pronounced ICRA A one plus)
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Titan Company rose 0.96% to Rs 1506 after the ratings agency ICRA upgraded the company s long-term rating to [ICRA] AAA with stable outlook.
The credit rating issuer has also reaffirmed the short-term rating and the rating for the fixed deposit programme of the company.
ICRA said that the rating upgrade reflects ICRA s expectation that Titan Company (Titan) will be able to leverage its strong brands and market leadership position in the jewellery segment to drive sustained growth in revenues and accruals. The segment has shown high resilience to COVID-19 related disruptions and reported 16% YoY growth in Q3FY2021 (net of bullion sales).