Brickwork Ratings Withdraw and Upgrade Ratings for Anlon Healthcare Limited’s Loans
Brickwork Ratings India Pvt. Ltd. has announced a rating upgrade and simultaneous withdrawal of credit ratings for Anlon Healthcare Limited's bank loan facilities and term loans. The rating action follows the company’s request for a review, noting that the company has secured a No Objection Certificate and Closure letter for the closed term loans from Punjab National Bank, MCC Rajkot.The rating agency confirmed that based on the company’s request, it has removed the rating designation of "ISSUER NOT COOPERATING" and upgraded the ratings. Concurrently, Brickwork Ratings withdrew the previously assigned rating of BWR BB+/Stable for both the bank loan facility and the term loans.
The facilities covered by this rating action include:
| Facility Type | Amount | Details |
|---|---|---|
| Bank Loan Facility | Rs.24.50 Crs. (Rupees Twenty Four Crore Fifty Lakhs only) | Rating withdrawn |
| Term Loans | Rs.10.36 (Rupees ten crore and thirty six lakhs only) | Rating withdrawn due to closure of facility |
Brickwork Ratings stated that the withdrawal of the rating for the bank loan facility aggregating Rs.24.50 Crs., and the term loans amounting to Rs.10.36, was effective with immediate effect. The ratings rationale issued by Brickwork Ratings is available for reference regarding this matter.
AHCL Stock Price Movement
Today, Anlon Healthcare Limited shares edged higher, closing at ₹138.79 and gaining 4.19% for the day. The stock settled robustly on a total volume of 476,615 shares traded.Source:
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