CRISIL Withdraws Credit Ratings for Aeroflex Neu Ltd's Bank Loan Facilities
Aeroflex Neu Ltd announced that CRISIL Ratings Limited has withdrawn its existing credit ratings for the company's bank loan facilities. The action followed a process involving a no-objection certificate received from bankers, as stated by the company.CRISIL conducted the rating withdrawal in accordance with their policy on bank loan ratings. The announcement detailed the status of the previously assigned ratings across both long-term and short-term instruments.
The specific instrument details and resulting rating actions are summarized below:
| Name of Instrument | Amount (₹ in crore) | Rating Action |
|---|---|---|
| Total Bank Loan Facilities (Long Term Rating) | ₹ 36 Crore | Crisil BB / Stable (Rating Withdrawn) |
| Total Bank Loan Facilities (Short Term Rating) | ₹ 36 Crore | Crisil A4+ (Rating Withdrawn) |
Aeroflex Neu Ltd noted that the withdrawal of ratings occurred following the receipt of the necessary no-objection certificate from its bankers.
AERONEU Stock Price Movement
Today, Aeroflex Neu Limited shares closed firmly in the green, gaining 1.33% to settle at ₹87.52. The stock traded within a steady range for the day, moving between an intraday low of ₹87 and a high of ₹90.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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