Capacit'e Infraprojects Limited Receives External Credit Rating Upgrade for Bank Facilities and NCDs
Capacit'e Infraprojects Limited has announced that Infomerics Valuation and Rating Limited has upgraded the credit rating assigned to the Company's bank facilities and Non-convertible Debentures (NCDs).The rating upgrade covers a total facility/NCD value of ₹2288.22 Crore, reflecting improved credit standing for the firm.
The details of the rating upgrades are as follows:
| Description | Total Bank Loan Facilities/ NCDs (₹ Crore) | Current Rating | Previous Rating |
|---|---|---|---|
| Long Term Rating | 2192.86 | IVR BBB+/ Stable (Rating upgraded) | IVR BBB/ Stable |
| Short Term Rating | 2192.86 | IVR A2 (Rating upgraded) | IVR A3+ |
| NCDs | 95.36 | IVR BBB+/Stable (Rating upgraded) | IVR BBB/Stable |
| Total | 2288.22 |
CAPACITE Stock Price Movement
Shares of Capacit'e Infraprojects Limited are edging higher to ₹247.5 as of 10:14 AM, bolstered by a 0.79% gain in live trading. The stock is currently trading within an intraday range of ₹239.75 to ₹250, with 110,117 shares trading so far.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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