ICRA assigned credit rating Rs. 2,662.00 crore bank lines of Chalet Hotels Limited

The Rating Committee of ICRA, after due consideration, has reaffirmed the long-term rating at [ICRA]BBB+ (pronounced ICRA triple B plus) and short-term rating at [ICRA]A2 (pronounced ICRA A two) assigned earlier to the Rs. 2,195.00 crore Line of credit (LOC) of your company. The rating committee has also assigned a long-term rating of [ICRA]BBB+ (pronounced ICRA triple B plus) and shortterm rating at [ICRA]A2 (pronounced ICRA A two) to the additional limit of Rs. 467.00 crore LOC of your company. The Outlook on the long-term rating continues to be Negative. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Shares of Chalet Hotels Ltd was last trading in BSE at Rs.174.1 as compared to the previous close of Rs. 177.7. The total number of shares traded during the day was 42642 in over 1274 trades.

The stock hit an intraday high of Rs. 177.45 and intraday low of 171.55. The net turnover during the day was Rs. 7435660.

Source : Equity Bulls

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