Quess Corp Limited has announced that ICRA Limited has reaffirmed its credit ratings for the company’s fund-based and non-fund based limits. The long-term fund-based limits received an [ICRA]AA (Stable) rating, while short-term limits and commercial paper were reaffirmed at [ICRA]A1+. This reaffirms the company’s strong credit profile and financial stability.
ICRA Reaffirms Credit Ratings for Quess Corp
Quess Corp Limited has officially communicated that ICRA Limited (ICRA) has reaffirmed its credit ratings for various facilities provided to the company. This announcement is made in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Detailed Rating Reaffirmations
The reaffirmed ratings are as follows:
- Long-term – Fund-based Limits: Rated Amount of ₹930.00 Crore, reaffirmed with [ICRA]AA (Stable).
- Short-term – Non-fund Based Limits: Rated Amount of ₹82.0 Crore, reaffirmed with [ICRA]A1+.
- Short-term – Interchangeable Limits: Rated Amount of (₹222.00) Crore, reaffirmed with [ICRA]A1+.
- Long-term/ Short-term – Unallocated: Rated Amount of ₹110.00 Crore, reaffirmed with [ICRA]AA (Stable)/ [ICRA]A1+.
- Commercial Paper (CP): Rated Amount of ₹100.00 Crore, reaffirmed with [ICRA]A1+.
The total rated amount aggregates to ₹1,222.00 Crore.
This information is made available on the company’s website at www.quesscorp.com and also on ICRA’s website at www.icra.in.
Source: BSE
