Brickwork reaffirms ratings for bank facilities of BSL; Stock gains over 1.5%

27 Oct 2022 , 12:23 PM

Brickwork Ratings (BWR) has reaffirmed the long-term rating at BWR BBB+ and the short-term rating reaffirmed at BWR A2 for the bank loan facilities of BSL Limited.

According to the rating rationale report, the rating reaffirmation continues to factor in the extensive experience of the management, established position of the company.

However, the ratings are constrained by working capital intensive operations, high gearing, foreign exchange and raw material price fluctuations risk, the agency said.

At around 12:21 PM, BSL Ltd is currently trading at Rs142 per share up by Rs2.25 or 1.61% from its previous closing of Rs139.75 per share on the BSE.

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