Optiemus Infracom Ltd Receives CRISIL Credit Ratings for Bank Loan Facilities
Optiemus Infracom Ltd has received credit ratings from CRISIL Ratings Limited for its proposed Bank Loan Facilities. The ratings affirm the company's standing, noting an upgrade compared to previous ratings.In total, the credit facilities rated cover Rs. 50 Crore for the Long Term Rating and include a rating for the Short-Term facilities.
The ratings assigned by CRISIL Ratings Limited are detailed as follows:
| Credit Facilities | Total Bank Loan Facilities Rated | Rating Assigned | Rating Action |
|---|---|---|---|
| Long Term Rating | Rs. 50 Crore | Crisil BBB/Stable | Assigned |
| Short-Term Rating | Crisil A3+ | Assigned |
The company has shifted its rating mandate from ICRA Limited to CRISIL Ratings Limited. The new ratings issued by CRISIL represent an upgrade compared to the previous ratings of ICRA BBB- (Stable) and ICRA A3.
OPTIEMUS Stock Price Movement
Shares of Optiemus Infracom Limited are edging higher to ₹405.5 as of 3:17 PM today, gaining 1.13% or ₹4.55. The stock sees significant momentum in the live market, trading on a total volume of 62,587 shares.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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