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.

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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

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