Kings Infra Ventures Ltd Receives Credit Ratings for Bank Facilities and Non-Convertible Debentures
Kings Infra Ventures Limited has been assigned credit ratings by CRISIL Ratings Limited for its bank facilities and Non-Convertible Debentures (NCDs). The ratings provide an assessment of the company’s debt instruments, detailing both confirmed and enhanced credit statuses.According to the credit assessment, the company’s total bank loan facilities rated stands at Rs. 70 Crore, which is an enhancement from the previous rating of Rs. 50 Crore. For these facilities, CRISIL Ratings has reaffirmed the long-term and short-term ratings.
The credit rating details for the bank facilities are as follows:
| Facility Component | Rating Assigned | Status |
|---|---|---|
| Total Bank Loan Facilities Rated | Rs. 70 Crore | Enhanced from Rs. 50 Crore |
| Long Term Rating | CRISIL BB/Stable | Reaffirmed |
| Short Term Rating | CRISIL A4+ | Reaffirmed |
In addition to the bank facilities, CRISIL Ratings also assessed several Non-Convertible Debentures issued by Kings Infra Ventures Limited.
The ratings assigned to the NCDs are detailed below:
| Debenture Amount | Rating Assigned | Status |
|---|---|---|
| Rs. 25 Crore Non-Convertible Debentures | CRISIL BB/Stable | Assigned |
| Rs. 12.5 Crore Non-Convertible Debentures | CRISIL BB/Stable | Reaffirmed |
| Rs. 11.1 Crore Non-Convertible Debentures | CRISIL BB/Stable | Reaffirmed |
| Rs. 10 Crore Non-Convertible Debentures | CRISIL BB/Stable | Reaffirmed |
These ratings reflect CRISIL Ratings' current opinion on the likelihood of timely payment of obligations under the rated instruments.
Stock Price Movement
Kings Infra Ventures Ltd concluded trading today down 0.74%, resting at ₹127.40. The shares moved within a wide intraday range, charting between a high of ₹133.95 and a low of ₹126.65.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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