Share India Securities Limited has announced an update on its credit ratings from Acuité Ratings & Research Limited. The agency has upgraded and withdrawn ratings for two bank loan facilities, assigning an ‘ACUITE A+’ rating to one and withdrawing another without a rating. Additionally, a short-term rating of ‘ACUITE A1+’ was upgraded and withdrawn for another bank loan facility. These changes reflect Acuité’s assessment of the company’s credit profile.
Credit Rating Updates by Acuité
Share India Securities Limited has disclosed rating actions taken by Acuité Ratings & Research Limited concerning certain of its debt instruments and facilities. This follows a prior communication where Share India informed Acuité of its decision to transition credit rating arrangements to CRISIL Ratings Limited.
Details of Rating Actions
Acuité has undertaken the following rating actions:
Long-Term Ratings
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Bank Loan Ratings (Quantum: ₹2.00 Cr): Assigned ACUITE A+ | Upgraded & Withdrawn.
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Bank Loan Ratings (Quantum: ₹68.00 Cr): Rated Not Applicable | Withdrawn.
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Non-Convertible Debentures (Quantum: ₹150.00 Cr): Rated Not Applicable | Withdrawn.
Short-Term Ratings
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Bank Loan Ratings (Quantum: ₹949.00 Cr): Assigned ACUITE A1+ | Upgraded & Withdrawn.
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Bank Loan Ratings (Quantum: ₹381.00 Cr): Rated Not Applicable | Withdrawn.
The company reiterates that its existing debt instruments and facilities are currently rated by CRISIL, and these ratings remain in force and have been reaffirmed periodically. Investors can find the CRISIL ratings on the respective websites of CRISIL and Share India Securities Limited.
Source: BSE
