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ICRA upgrades credit rating of Rama Phosphates Ltd

ICRA upgrades credit rating of Rama Phosphates Ltd
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CRISIL reaffirms ratings of The Supreme Industries Ltd


CRISIL reaffirms ratings of The Supreme Industries Ltd
Posted On:
2021-04-06 20:19:32
(Time Zone: Arizona, USA)
CRISIL, an S&P Global Company ( Rating Agency ) vide its letter dated 5th April, 2021, informed revision in Credit Rating as under:
Total Bank Loan Facilities Rated - Rs 1445.9 Crore
Long-Term Rating - CRISIL AA/Positive (Outlook revised from Stable and rating reaffirmed)
Short-Term Rating - CRISIL A1+ (reaffirmed)
Rs 200 crore commercial paper - CRISIL A1+ (reaffirmed)
Shares of SUPREME INDUSTRIES LTD. was last trading in BSE at Rs.1980.9 as compared to the previous close of Rs. 2008.4. The total number of shares traded during the day was 1299 in over 239 trades. ....

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LT Foods gains after credit ratings upgrade


LT Foods rose 2.18% to Rs 58.60 after the credit ratings agency upgraded the credit ratings on the company s bank loan facilities worth Rs 1187.5 crore.
CRISIL Ratings has upgraded its rating on the bank facilities of LT Foods to CRISIL A/Stable/CRISIL A1 from CRISIL A-/Positive/CRISIL A2+ . The short-term rating on the company s bank facilities have also been upgraded from CRISIL A2+ to CRISIL A1 .
The credit ratings agency said that the upgrade reflects continuous improvement in group s business and financial risk profiles. Group achieved operating income of Rs 3499 crore in first nine months of fiscal 2021 compared to Rs 2948 crore in first nine months of fiscal 2020. ....

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