CRISIL reaffirms credit ratings on Rs 300 Cr bank facilities
LIKHITHA · price
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CRISIL has reaffirmed credit ratings on Likhitha Infrastructure's bank facilities worth Rs 300 crore. Long-term rating retained at CRISIL A/Stable and short-term at CRISIL A1. Facilities include bank guarantees and overdrafts with Kotak, ICICI and Yes Bank, plus a proposed working capital line of Rs 87 crore.
Neutral for shareholders. Unchanged ratings point to stable credit health with no shift expected in borrowing costs.