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

Piramal Enterprises gets revision in credit ratings

Topics
Business Finance

Capital Market 

From CARE and CRISIL

Piramal Enterprises announced that the company has received revision in credit ratings from CARE and CRISIL for various debt facilities as mentioned under -

Non Convertible Debentures (Rs 100 crore) - CARE AA; Stable (Reaffirmed)

Inter Corporate Deposits (Rs 250 crore) - CARE A1+ (Assigned)

Long term Bank facilities (fund based Rs 550 crore) - CARE AA; Stable (Assigned)

Long term Bank facilities (Rupee term loans Rs 2525 crore) - CARE AA; Stable (Assigned)

Short term Bank facilities (fund based Rs 2675 crore) - CARE A1+ (Assigned)

Short term Bank facilities (non fund based Rs 250 crore) - CARE A1+ (Assigned)

Commercial Paper (Rs 12000 crore) - CARE A1+ (Reaffirmed) and CRISIL A1+ (Reaffirmed)

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: Tue, September 18 2018. 17:42 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU