|
| Exchange Disseminated Time | Ponni Sugars Erode Ltd has informed BSE that ICRA Ltd has assigned the following Credit Ratings for the Term Loan facilities availed by the Company from its Bankers :
1. Nature of Facility : Short Term Loan facilities of Rs 9 crores (and Additional Short Term Loan within Rs 25.50 crores sanctioned Bank Limits for Fund based facilities).
- Credit rating assigned : "A2" (A Two)
- Rating Details : Above average credit quality rating assigned by ICRA to short-term debt instruments carrying higher credit risk than instruments rated A1.
2. Nature of Facility : Sanctioned Bank Limit for
- Term Loan facilities of Rs 21.10 crores
- Fund based limit of Rs 25.50 crores
- Non fund based limit of Rs 2 crores
- Credit rating assigned : "LBBB" (L Triple B)
- Rating details : Moderate credit quality rating assigned by ICRA which carries higher than average credit risk. |
|
|