ITI Limited receives credit rating upgrade from Acuite
pre-market1 source ↓written by the desknot a recommendation
- bank facilities totaling
- ₹4,851.69 cr
ITI Limited has received a credit rating upgrade from Acuite Research, reflecting an improved financial profile. The long-term rating has been upgraded from ACUITE BB- to ACUITE BB (Stable), while the short-term rating improved to ACUITE A4+. This upgrade affects bank facilities totaling ₹4,851.69 cr.
The enhanced ratings apply to various financial instruments, including cash credit and bank guarantees, signaling stronger operational performance and financial stability for the company. 📈
Not investment advice. For informational purposes only.