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S&P
BSE SENSEX
73,088.33
+599.34
+0.83 %
Corporate Announcement
Security Code
533269
Company
VA TECH WABAG LTD.
Exchange Received Time
24/10/2019 15:25:00
Exchange Disseminated Time
24/10/2019 15:25:10
Time Taken
00:00:10
Announcement under Regulation 30 (LODR)-Credit Rating |
10/24/2019 3:25:01 PM
ICRA has revised its ratings of the Company as under:
Instrument/Facilities Rating
Long term:Fund based facilities A+(Negative)reaffirmed
Long term/Short term: A+(Negative)reaffirmed/
Non-fund Based Facilities A1 revised from A1+
Long term/ Short term: A+ (Negative)reaffirmed/
Proposed facilities A1 revised from A1+
The Rating committee of ICRA after due consideration has reaffirmed the long term rating at A+ (Negative). The ratings continue to positively factor in the established position of Company in the water infrastructure business, equipped with the technical know-how of proprietary, licensed technology, a strong management team and comfort from the healthy order book worth Rs.11,700 cr as on June 2019, which provides revenue visibility for the company in the medium term.
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