The credit rating agency, ICRA has re-affirmed rating assigned to Mahanagar Gas’ Long Term, Non-fund based limits worth Rs 200 crore at ‘AAA/Stable’.
The rating agency has re-affirmed rating assigned to the company’s Short Term, Non-fund based limits worth Rs 400 crore at ‘A1+/Stable’ and also re-affirmed rating assigned to the company’s Long Term Debt Programme worth Rs 100 crore at ‘AAA/Stable’.
Mahanagar Gas is a city gas distribution company. The company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas and in the Raigad district in the state of Maharashtra.
