India Ratings Affirms Credit Rating of Sunteck Realty Ltd Amid Debenture Status Update
Sunteck Realty Ltd has received updated credit ratings from India Ratings and Research regarding its various financial instruments, the agency has confirmed the stability of the company’s issuer rating.India Ratings and Research provided details on the affirmation and assignment of credits for Sunteck Realty Ltd. These updates pertain to the issuer's rating as well as those associated with bank loan facilities.
The key ratings assigned or affirmed by India Ratings and Research are presented below:
| Facilities/ Instruments | Rating | Rating Action |
|---|---|---|
| Issuer rating | IND AA/Stable | Affirmed |
| Bank loan facilities | IND AA/Stable/IND A1+ | Assigned |
| Bank loan facilities | IND AA/Stable/IND A1+ | Affirmed |
| Proposed Non-Convertible Debentures | WD | Withdrawn |
The ratings action includes the affirmation of the Issuer rating at IND AA/Stable. Additionally, for bank loan facilities, a combined assigned and affirmed rating of IND AA/Stable/IND A1+ was given by India Ratings and Research. Meanwhile, the proposed non-convertible debentures were rated as WD.
SUNTECK Stock Price Movement
Sunteck Realty Limited shares closed today, gaining 1.20% and settling at ₹282.3, buoyed by positive market momentum. The equity demonstrated a strong trading day, which saw the stock move between a daily low of ₹279.85 and a high of ₹287.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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