Steel Exchange India Credit Ratings Upgraded By Infomerics

Business Standard Markets · stocks

Steel Exchange India has received an upgraded credit rating from Infomerics Valuation and Rating. The company's long-term bank loan facilities rating moved from IVR BBB-/Stable to IVR BBB+/Stable, a two-notch increase. Short-term ratings also improved from IVR A3 to IVR A2. The total rated bank facilities were enhanced from Rs 200 crore to Rs 359.63 crore. Additionally, Infomerics upgraded the rating on the company's Rs 198.