The Great Eastern Shipping Company Limited has informed the Exchange about Credit Rating- Others
GESHIP · price
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Awaiting price reaction for this filing.
Great Eastern Shipping Company has received a credit rating update from CRISIL for its Non-Convertible Debentures (NCDs). Out of the total Rs. 1,500 crore in NCDs outstanding earlier, Rs. 450 crore has been fully redeemed, leading to withdrawal of its rating. The remaining Rs. 1,050 crore of NCDs has been reaffirmed at CRISIL AAA/Stable, which is the highest investment-grade rating in India. The total outstanding NCD amount has come down from Rs. 1,500 crore to Rs. 1,050 crore as a result.
This is a positive neutral signal — the company has reduced its debt by fully redeeming Rs. 450 crore of NCDs, and the retained debt continues to carry the top-tier AAA rating with a stable outlook, reflecting strong financial health and low default risk for debenture holders.