CEAT announced that CARE Ratings, has reaffirmed the company's ratings as under -
Long term bank facilities (Rs 1070 crore) - CARE AA-; Stable (Reaffirmed)
Short term bank facilities (Rs 1300 crore) - CARE A1+ (Reaffirmed)
Commercial paper (Rs 350 crore) - CARE A1+ (Reaffirmed)
Further CARE has withdrawn the rating assigned to Non-Convertible Debentures (NCDs) amounting to Rs. 200 crore, issued by the Company since the said NCDs were fully repaid on 31 July 2018.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
