Jagran Prakashan Ratings Reaffirmed by CRISIL for Debt Instruments and Loan Facilities
Jagran Prakashan Ltd has received credit rating reaffirmations from CRISIL Limited regarding various debt instruments. The ratings cover the company's non-convertible debentures, as well as its total bank loan facilities and commercial paper offerings.CRISIL Limited reaffirmed the ratings across different segments of Jagran Prakashan’s fixed income portfolio. For the Long term rating concerning Non-convertible Debentures, CRISIL maintained a rating of AA+/Stable for an amount of 50 INR crores. The company's Total bank loan facilities also received a long term rating of AA+/Stable, rated at 285 INR crores.
The rating reaffirmations cover both short-term and long-term instruments across the total bank loan facilities and commercial paper segment.
Key details of the rating reaffirmed by CRISIL are presented below:
| Rating Agency | Instruments | Period | Rated Amount (in INR crores) | Rating Reaffirmed |
|---|---|---|---|---|
| CRISIL | Non-convertible Debentures | Long term rating | 50 | CRISIL AA+/Stable |
| CRISIL | Total bank loan facilities rated | Long term rating | 285 | CRISIL AA+/Stable |
| CRISIL | Total bank loan facilities rated | Short term rating | 285 | CRISIL A1+ |
| CRISIL | Commercial paper | Short term rating | 70 | CRISIL A1+ |
JAGRAN Stock Price Movement
Today, shares of Jagran Prakashan Limited edged higher to settle at ₹64.98 after the stock gained 0.65%. The equity traded with a volume of 275,355 shares as trading concluded 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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