CRISIL revises Kirloskar Brothers long term outlook to Positive, reaffirms AA rating
KIRLOSBROS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CRISIL has revised the outlook on Kirloskar Brothers long term bank facilities of Rs. 1,700 crore from Stable to Positive, while reaffirming the long term rating at Crisil AA. Short term rating stands reaffirmed at Crisil A1+, the highest in this category. Facilities covered include Rs. 500 crore cash credit, Rs. 1,100 crore letter of credit and bank guarantee, and Rs. 100 crore proposed long term bank loan facility.
Positive outlook signals likely rating upgrade ahead, reflecting improved credit profile and easier access to lower cost funds.