Gandhar Oil Refinery Assigned 'Crisil A+/Stable' Long-Term Rating
Gandhar Oil Refinery (India) Limited's bank facilities totaling ₹300 crore have been assigned credit ratings by CRISIL. The long-term rating is Crisil A+/Stable and the short-term rating is Crisil A1.
A good credit rating can improve the company's borrowing capacity and potentially lead to better terms on future debt, which is a significant factor for a company with substantial bank loan facilities.
The assignment of a stable credit rating by a reputable agency like CRISIL indicates a positive financial health and creditworthiness of the company.
Gandhar Oil Refinery (India) Limited has announced that CRISIL Ratings Limited has assigned credit ratings to its bank facilities. The total bank loan facilities rated amount to ₹300 crore.
The assigned long-term rating is Crisil A+/Stable, and the short-term rating is Crisil A1. These ratings have been assigned by the agency.
The company has made this information available on its website under the investor relations section and has enclosed a copy of the letter from the rating agency for records.
A plain-language summary of a public exchange filing by Gandhar Oil Refinery (India) Limited. Read the original for the full detail.