CRISIL Assigns AA/Stable Rating to Nuvoco Vistas Corporation’s Non-Convertible Debentures
Nuvoco Vistas Corporation Ltd has received a significant boost in its corporate credit rating following an assessment by CRISIL Ratings Limited. The ratings cover both new debentures and the existing debt facilities of the company.CRISIL Ratings Limited assigned a 'Crisil AA/Stable' rating to the Non-Convertible Debentures amounting to Rs. 500 crores, which are set to be issued by Nuvoco Vistas Corporation Ltd.
In addition to the rating for the new debentures, CRISIL has also reaffirmed its existing ratings on the company's current bank facilities and debt instruments. The affirmed ratings stand at 'Crisil AA/Crisil AA -/Stable/Crisil A1+'.
This assessment by CRISIL highlights the strength of Nuvoco Vistas Corporation’s financial profile regarding its debt obligations.
NUVOCO Stock Price Movement
Nuvoco Vistas Corporation Limited shares surged in late trading today, closing at ₹377.25 after gaining 10.25%. The stock saw significant activity, with a reported total traded volume of 50.55 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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