Radico Khaitan’s Credit Rating Refreshed by CARE Ratings Limited
Radico Khaitan Ltd has received an update on the credit ratings for its bank facilities from CARE Ratings Limited. The company saw both long-term and short-term facilities reaffirmed, with a positive outlook revision applied to one of the primary facilities.The rating action covers two key facility types: Long-term bank facilities and Short-term bank facilities.
CARE Ratings Limited confirmed the ratings for these facilities as detailed below:
| Facilities | Amount (Rs. Crore) | Ratings | Rating Action |
|---|---|---|---|
| Long-term bank facilities | 930.00 | CARE AA; Positive | Reaffirmed (Outlook revised from Stable to Positive) |
| Short-term bank facilities | 60.00 | CARE A1+ | Reaffirmed |
The update confirms the continued stability and favorable outlook regarding Radico Khaitan Ltd’s banking arrangements, as indicated by the reaffirmed status of both long-term and short-term credit ratings.
RADICO Stock Price Movement
On Friday, shares of Radico Khaitan Limited slipped by 0.50% to settle at ₹4073.7, shedding value despite achieving a previous 52-week high in the market. The company traded robustly during the session, recording 303,434 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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