Quess Corp Ltd's Credit Ratings Reaffirmed by ICRA Limited; Total Rated Amount Stands at Rs 1,222.00 Crore
Credit rating agency ICRA Limited has reaffirmed the ratings for various instruments of Quess Corp Ltd. The reaffirmation covers long-term fund-based limits, short-term non-fund based limits, interchangeable limits, unallocated facilities, and Commercial Paper (CP), totaling a rated amount of Rs 1,222.00 Crore.The rating actions confirm the financial standing across multiple operational categories for the company. According to the ratings details provided by ICRA, the specific reaffirmations are as follows:
| Instrument | Rated Amount (Rs. Crore) | Rating Action |
|---|---|---|
| Long-term - Fund-based Limits | 930.00 | [ICRA]AA (Stable); reaffirmed |
| Short-term - Non-fund Based Limits | 82.0 | [ICRA]A1+; reaffirmed |
| Short-term - Interchangeable Limits | (222.00) | [ICRA]A1+; reaffirmed |
| Long-term/Short-term - Unallocated | 110.00 | [ICRA]AA (Stable)/ [ICRA]A1+; reaffirmed |
| Commercial Paper (CP) | 100.00 | [ICRA]A1+; reaffirmed |
The ratings reaffirmation highlights the stability and strength of Quess Corp Ltd's financial structure across its funded and unallocated credit facilities, as assessed by ICRA Limited.
QUESS Stock Price Movement
Quess Corp Limited shares are rallying as of 11:58 AM, soaring up 10.75% to trade at ₹343.00, having achieved a remarkable 52-week high today. The stock trades strong after climbing out of the day's low of ₹313.40 amidst active market participation.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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