Crisil Upgrades Gabriel India Ltd.'s Credit Rating for Long Term Bank Facilities
Crisil Ratings Limited has upgraded the credit rating of Gabriel India Limited in relation to its long term bank facilities. The revision reflects the company's improved financial standing as assessed by the ratings agency.The upgrade pertains to the long term bank facilities provided to Gabriel India Limited. According to the details provided, the facility amount is 170 Rs. in crore.
The upgraded rating positions of Gabriel India Ltd. are summarized below:
| Facilities/Instruments | Amount (Rs. In crore) | Rating Type | Previous Rating | Upgraded Rating |
|---|---|---|---|---|
| Long Term Bank Facilities | 170 | Long term | Crisil AA/Stable | Crisil AA+/Stable |
The upgrade indicates an improvement in the creditworthiness of Gabriel India Limited for these long term bank facilities. The ratings agency provided a rationale accompanying the revised rating.
GABRIEL Stock Price Movement
Gabriel India Limited shares edged higher on Wednesday, closing at ₹1414.8 after gaining 0.37%. The stock traded briskly during the session, with a total volume of 201,077 shares recorded for the day.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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