MoneyWorks4Me

CRISIL upgrades rating on long-term bank facilities of Gujarat Gas

27 Dec 2019 Evaluate

Credit rating agency, CRISIL has upgraded its rating on the long-term bank facilities of Gujarat Gas to ‘AA+/Stable’ from ‘AA/Positive’. The upgrade reflects CRISIL's expectations of an improvement in the company’s credit profile over the medium term. Sustainable improvement in cash accruals is expected to improve the company’s financial risk profile notwithstanding the sizeable capital expenditure (capex) programme.

Gujarat Gas (formerly Gujarat Gas Company) is engaged in processing, transmission, and distribution of natural gas. It supplies gas to industrial, commercial and domestic customers.

Peers
Company Name CMP
GAIL (India) 166.70
Gujarat Energy 222.25
Indraprastha Gas 142.25
Mahanagar Gas 1048.15
Adani Total Gas 559.20
View more..