You are here: Home » News-CM » Companies » News
Business Standard

Godrej Industries gets assigned credit ratings for various facilities

Topics
Business Finance

Capital Market 

From ICRA

Godrej Industries announced that ICRA has assigned the long term rating of ICRA AA for an additional limit of Rs 325 crore for term loans. This rating is in addition to the existing Rs 875 crore term loans, Rs 90 crore long term fund based limits and Rs 50 crore long term non fund based limit. The outlook for long term is stable.

The rating for long term debt/ NCD programme and public deposit programme has been discontinued as there is no amount outstanding against these instruments.

ICRA has reaffirmed the short term rating of ICRA A1+ for the Rs 1000 crore short term debt (commercial programme), Rs 200 crore short term loans and Rs 600 crore short term non fund based limits.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 03 2018. 09:01 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU