CRISIL updates on ratings of GMM Pfaudler Ltd
Posted On: 2021-02-15 22:34:26 (Time Zone: Arizona, USA)
CRISIL has vide letter dated February 15, 2021 rated the debt instruments/facilities of GMM Pfaudler Limited as below:
Total Bank Loan Facilities Rated - Rs. 100 Crore
Long Term Rating - CRISIL AA-/Watch Developing (Continues on Rating Watch with Developing Implications )
Short Term Rating - CRISIL A1+/ Watch Developing (Continues on Rating Watch with Developing Implications )
Shares of GMM PFAUDLER LTD. was last trading in BSE at Rs.3788.15 as compared to the previous close of Rs. 3699.15. The total number of shares traded during the day was 59415 in over 4817 trades.
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January, 25, 2021
Fitch Ratings - Colombo - 25 Jan 2021: Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch s downgrade of the sovereign rating to CCC from B- /Negative on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of CCC or below. Revision ratings are used to modify ratings for reasons that are not related to credit quality in order to reflect changes in the national rating scale driven purely by the recalibration of the National Ratings Correspondence Table.
Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of the sovereign rating to ‘CCC’ from ‘B-‘/Negative on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC’ or below. Revision ratings are used to modify ratings for reasons that are not related to credit quality in order to reflect changes in the national rating scale driven purely by the recalibration of the National Ratings Correspondence Table.
Indus Towers (formerly known as Bharti Infratel) announced that after the
amalgamation of erstwhile Indus Towers with the company (formerly Bharti Infratel) and at the request of the company, CRISIL has migrated its ratings of erstwhile Indus Towers to the company.
The following credit rating assigned have been assigned to the company on 18 December 2020:
Total Bank Loan Facilities Rated Rs.11500 crore
Long Term Rating - CRISIL AA+ (Continues on Rating Watch with Negative
Implications )
Short Term Rating - CRISIL A1+ (Reaffirmed)
Rs.2500 crore Bond CRISIL AA+ (Continues on Rating Watch with Negative Implications )
Rs.6000 crore Commercial Paper CRISIL A1+ (Reaffirmed)