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India Scores & Analysis (Ind-Ra) has affirmed the ‘IND AA’ rankings to CEAT Limited’s financial institution amenities. Additional, it has additionally assigned an ‘IND AA’ score to its proposed NCDs price Rs150 crore.
Ind-Ra has affirmed a Secure outlook on such amenities.
Financial institution amenities reviewed by Ind-Ra embody time period loans price Rs2,391 crore, and non-convertible debentures price Rs250 crore.
As per the corporate, the score on its business paper price Rs500 crore has been affirmed at ‘IND A1+’.
At round 3.23 PM, Ceat Restricted was buying and selling 0.51% larger at Rs1,395.25 per piece, in opposition to the earlier shut of Rs1,388.15 on NSE. To this point, it hit an intraday excessive and low of Rs1,398.80 and Rs1,376.25 respectively.
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