Credit rating agency, CARE has revised rating assigned to Welspun Enterprises’ long term bank facility from ‘A+’ to ‘AA-’ worth Rs 65 crore. Short-Term rating assigned to the company has been kept unchanged at ‘A1+’ worth Rs 360 crore.
Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.