Orient Ceratech Limited Announces Withdrawal of Bank Facility Ratings from CARE Ratings
Orient Ceratech Limited, formerly known as Orient Abrasives Limited and part of The Ashapura Group, has announced that the ratings assigned to its bank facilities by CARE Ratings Limited (CareEdge Ratings) have been withdrawn at the request of the company.The rating action was carried out in accordance with CareEdge Ratings' Withdrawal Policy. This update pertains specifically to the credit status of both long-term and short-term bank facilities held by the company.
Details regarding the specified banking facilities, their previous ratings, and the subsequent rating action are provided below:
| Facilities | Earlier Rating | Rating Action |
|---|---|---|
| Long Term Bank Facilities | CARE BBB+; Stable | Reaffirmed and Withdrawn |
| Short Term Bank Facilities | CARE A2 | Reaffirmed and Withdrawn |
The withdrawal confirms the status of these credit ratings as per the latest action by CARE Ratings Limited.
ORIENTCER Stock Price Movement
Today, ORIENT CERATECH LIMITED shares edged higher, gaining 2.1% to close at ₹40.76 after trading in the capital goods sector. The stock traded within a range of ₹39.41 and ₹41.5 during the session, recording a total volume of 87,855 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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