ICRA reaffirms 'A1+' rating for Solar Industries India's commercial papers worth Rs100 crore

29 Nov 2022 , 12:22 PM

Solar Industries India Limited has informed to the exchanges that ICRA Limited has reaffirmed the rating at [ICRA] A1+ for the Commercial Paper amounting to Rs100 crore.

As per the rating rationale report, the rating [ICRA]A1+ indicates very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk, the rating agency said.

At around 12:36 PM, Solar Industries India Ltd is currently trading at Rs3,714.85 per share down by Rs34.4 or 0.92% from its previous closing of Rs3,749.25 per share on the BSE.

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