Hot Pursuit
NELCO Ltd announced credit rating actions across its various debt instruments by multiple agencies, including ICRA Limited, CARE Ratings Limited, and India Ratings & Research. ICRA Limited has reaffirmed its rating of “[ICRA]BB+” on the long-term bank loan facilities of Rs 235.00 crore, and “[ICRA]BB+” on the short-term bank loan facilities of Rs 75.00 crore, with a stable outlook; CARE Ratings Limited has reaffirmed its rating of “BB+” on the long-term bank loan facilities of Rs 235.00 crore, and “A2+” on the short-term bank loan facilities of Rs 75.00 crore; India Ratings & Research has also reaffirmed its rating of “[IND]BB+” on the long-term bank loan facilities of Rs 235.00 crore, and “[IND]A2+” on the short-term bank loan facilities of Rs 75.00 crore, with a stable outlook, with no changes or withdrawals noted by any of the rating agencies.