Crisil Assigns A3+ Rating to SPML Infra Ltd's Commercial Paper
Crisil Ratings Limited has assigned a credit rating to SPML Infra Ltd concerning its commercial paper instruments. The ratings were issued following the company's financial standing review by the agency.The credit assessment covered the short term fund based instrument, Commercial Paper, with details on the assignment presented below:
| Instrument | Amount (Rs. in crore) | Rating |
|---|---|---|
| Commercial Paper (Short Term Fund based instrument) | 60.00 | Crisil A3+ |
As per CRISIL's rating framework, the short term instrument rating of A3+ awarded by CRISIL is equivalent to a BBB rating when considered for long term facilities.
This assignment provides insight into the credit profile of SPML Infra Ltd regarding its commercial paper issuance.
SPMLINFRA Stock Price Movement
On Friday, SPML Infra Limited shares gained 6.42%, settling at ₹198.30 after trading robustly throughout the session. The stock closed within a range of ₹186.20 to ₹203.90 and saw a total traded volume of 1.44 million shares.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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