Care Ratings revises credit ratings of MSTC Ltd

New Delhi: State-owned MSTC Limited informed exchanges on Monday that its credit ratings for bank facilities have been revised by the Care Ratings. The company also suggested that there is revision in the ratings.

Further, the company stated that it has received "CARE BBB+", received from "CARE BBB" for its long-term bank facilities worth Rs 10 crores and the outlook is "stable." It also said that it has received "CARE A2", revised from "CARE A3+" for its short-term bank facilities worth Rs 100 crores.

The rating agency said that the rationale for the rating will be communicated shortly.

(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, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)