GOCL Corporation gets reaffirmation of long term credit ratings

From ICRA

GOCL Corporation announced that ICRA has reaffirmed the long-term rating of the Company [ICRA] BBB and the short-term rating of [ICRA]A3+ for Rs. 105.00 crore of fund based and non-fund based limits and USD 180 million Letter of Credit facility. The outlook on the long-term rating has been revised from Positive to Stable. ICRA has also reaffirmed for IDL Explosives (IDL), a wholly-owned subsidiary of our Company, long-term rating of [ICRA] BBB(SO) and the short-term rating of [ICRA] A3+(SO) for Rs. 114.00 crore line of credit and also stated that the outlook of long term rating has been revised from Positive to stable; and for Rs. 38.00 crore limits the long-term rating of [ICRA] BBB- and the short-term rating [ICRA] A3 have been reaffirmed and also stated that the long-term rating has a Stable outlook.

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