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

Sensex climbs 450 points in early trade on positive Asian peers

Cabinet clears another coal gasification scheme, with financial outlay of Rs 37,500 cr, to gasify 75 MT coal

OIL’s standalone profit slips in FY26, but consolidated earnings rise on refinery gains, stronger Q4

MoS for Coal and Mines reviews operations at ECL

Govt may have to hike fuel prices if West Asia crisis prolongs: RBI Governor