Crompton Greaves Consumer jumps after CRISIL reaffirms ratings

Crompton Greaves Consumer Electricals jumped 10.41% to Rs 207.9 after CRISIL reaffirmed its rating on the company's non-convertible debentures, long term and short term bank loan facilities.

CRISIL has reaffirmed its rating on the company's non-convertible debentures (NCDs) of Rs 350 crore at AA+ with a stable outlook.

The rating on the company's long term bank loan facilities was reaffirmed at AA+/Stable. The rating on short term bank loan facilities was reaffirmed at A1+.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products, ranging from fans, lamps and luminaries to pumps and household appliances such as water heaters, coolers, mixer grinders and irons.

 

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