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IRB Infrastructure Developers informs about update on credit rating

13 Sep 2023 Evaluate

IRB Infrastructure Developers has informed that CRISIL Ratings has assigned its ‘CRISIL AA-/Stable’ rating to the Rs 258 crore (outstanding as on June 30, 2023, against original issue of Rs 350 crore in September 2021) non-convertible debentures (NCDs) of IRB Infrastructure Developers (IRBIDL) and bank facilities of Rs 1,000 crore while reaffirming its rating on the Rs 1,200 crore bank facilities at ‘CRISIL AA- /Stable/CRISIL A1+’. Rating action is enclosed. The company has attached the link to view the Rating Rationale from the rating agency.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Larsen & Toubro 3670.00
Kalpataru Projects 1312.95
NCC 115.65
Rail Vikas Nigam 181.00
KEC International 331.70
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