Brickwork Ratings reaffirms rating of Asian Hotels North Ltd

Brickwork Ratings India Pvt. Ltd., vide its letter dated 20th September, 2017 has re-affirmed the rating for various bank facilities of Asian Hotels North Ltd.

The rating on Fund Based Term Loan of Rs. 325.19 crores (Previous Rs. 350.00 crores) - Long Term and Cash Credit / Over draft of Rs. 48.00 crores (Previous Rs. 50.00 crores) has been revised from BWR BBB (Pronounced as BWR Triple B) (Outlook: Stable) to BWR BBB - Reaffirmed (Pronounced as BWR Triple B) (Outlook: Stable).

Shares of Asian Hotels (North) Limited was last trading in BSE at Rs.120 as compared to the previous close of Rs. 121.3. The total number of shares traded during the day was 1271 in over 11 trades.

The stock hit an intraday high of Rs. 123 and intraday low of 119.3. The net turnover during the day was Rs. 153312.

Source : Equity Bulls

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