Quess Corp Limited has informed the Exchange about Credit Rating
QUESS · price
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Awaiting price reaction for this filing.
ICRA has reaffirmed the credit ratings of Quess Corp across multiple instruments and removed them from the earlier 'Rating Watch with Developing Implications.' The long-term fund-based limits of Rs. 1,067.50 crore retain the [ICRA]AA rating with a stable outlook. Short-term facilities including non-fund based limits (Rs. 159 crore), interchangeable limits (Rs. 222 crore), and commercial paper (Rs. 400 crore) all retain the highest [ICRA]A1+ rating. The total rated amount stands at Rs. 1,626.50 crore. The development removes prior uncertainty around the company's credit profile.
Positive for shareholders — the removal of the rating watch and assignment of a stable outlook signals improved confidence in Quess Corp's financial health, which could support borrowing costs and investor sentiment.