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HomeIndustry & UpdatesICRA updates on rating of Dwarikesh Sugar Industries Ltd

ICRA updates on rating of Dwarikesh Sugar Industries Ltd

ICRA Limited – the credit rating agency has vide its letter dated December 29, 2021, received & accepted on December 29, 2021, has reaffirmed the long term rating for the Bank facilities amounting to Rs.1099.99 crores at “[ICRA] A+ (Positive)” (pronounced ICRA A plus) with outlook revised to Positive from Stable.

ICRA Limited – the credit rating agency has also vide its letter dated December 29, 2021, received & accepted on December 29, 2021, has reaffirmed the rating for the Commercial Papers amounting to Rs.300 crores as “[ICRA]A1+” (pronounced ICRA A one plus) indicating very strong degree of safety regarding timely payment of financial obligations. Such instruments carries lowest credit risk.

Instruments with [ICRA] A rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. Instruments with [ICRA]A1 rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk. The modifier + (plus)/ – (minus) may be appended to the rating symbols to indicate their relative position within the rating levels concerned.

Shares of Dwarikesh Sugar Industries Limited was last trading in BSE at Rs. 71.60 as compared to the previous close of Rs. 71.30. The total number of shares traded during the day was 228790 in over 2555 trades.

The stock hit an intraday high of Rs. 73.60 and intraday low of 70.90. The net turnover during the day was Rs. 16571435.00.

The above news was originally posted on www.equitybulls.com

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