Dalmia Bharat Sugar and Industries Limited informed the exchanges that ICRA Limited has, vide its letter dated September 30, 2021, upgraded the long-term rating of the company to ICRA AA from ICRA AA- and has reaffirmed the short-term rating at ICRA A1+. The outlook on the long-term rating is Stable.
“Instruments with ICRA AA rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Instruments with an ICRA A1 rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. The modifier + (plus)/ – (minus) may be appended to the rating symbols to indicate their relative position within the rating levels concerned,” company said in a filing on Friday.
Dalmia Bharat Sugar & Industries Ltd was trading at Rs461.05 per piece up Rs15.65 or 3.51% from its previous closing of Rs445.40 on the BSE.
The scrip opened at Rs465 and has touched a high and low of Rs469.75 and Rs453.85 respectively.
The above news was originally posted on www.indiainfoline.com
