RITES receives rating of IVR AAA/ Stable for long term bank facilities

RITES said in a regulatory filing that it has received a credit rating of IVR AAA/ Stable for Long Term Bank Facilities up to an amount of Rs 1,265 crores

PSU Watch Bureau

Published:21st Jan, 2023 at 4:39 PM

New Delhi: State-owned RITES stated in a regulatory filing on Saturday that it has received "a credit rating of IVR AAA/ Stable (IVR Triple A with stable outlook) for
long term bank facilities up to an amount of Rs 1,265 crores from lnfomerics
Valuation and Rating Pvt Ltd."

"Previously, its credit rating for short-term bank facilities was IVR A1+ (IVR A
One Plus)," stated the filing.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, j oin PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

RITES receives rating of IVR AAA/ Stable for long term bank facilities

RITES said in a regulatory filing that it has received a credit rating of IVR AAA/ Stable for Long Term Bank Facilities up to an amount of Rs 1,265 crores

Also Read

Equity markets trade higher in early trade on buying in IT stocks, fresh foreign fund inflows

UIDAI pitches for Aadhaar-based face authentication for high-value financial transactions

PM to inaugurate final phase of Mumbai's first underground Metro line on Oct 8

Govt confident of completing IDBI Bank stake sale in FY26: DFS Secretary

IGL wins big; bags four PNGRB Excellence Award 2025