Ashoka Buildcon Ltd Announces Update on CRISIL Credit Ratings for Debt Instruments
Ashoka Buildcon Limited has reported an update regarding the credit ratings of its debt instruments by CRISIL Ratings Ltd. The company confirmed that both long-term and short-term debt ratings were handled by the rating agency, with subsequent updates provided to the market.In terms of long-term debt, Ashoka Buildcon’s instruments received a 'CRISIL AA-/Negative (Reaffirmed)' rating.
For its short-term debt, the company's rating was reported as 'CRISIL A1+ (Reaffirmed)'.
The update confirmed that CRISIL Ratings withdrew both the long-term and short-term debt ratings at the request of Ashoka Buildcon Limited, aligning with the established policy of CRISIL for rating withdrawals.
While these specific ratings were withdrawn, the company noted that its debt instruments are rated by other Credit Rating Agencies.
ASHOKA Stock Price Movement
On Friday, Ashoka Buildcon Limited shares surged to settle at ₹123.06, rallying by 6.82% as investors reacted positively to the stock's performance. The equity saw robust movement during the day, with over 1.13 million shares traded in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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