26 May 2017 | 7:59 AM

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COMPANYNEWS
CRISIL revises rating outlook of Sterlite Technologies
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Published on 04-19-2017
Power & telecom products maker Sterlite Technologies Ltd on Wednesday said that the credit rating agency CRISIL has revised its rating outlook on its long-term bank facilities to ‘Positive' from ‘Stable'.


However the agency has reaffirmed the rating of the company at ‘CRISIL AA-'.


In a filing to the Bombay Stock Exchange the company said “CRISIL has revised its rating outlook on the long-term bank facilities of the company to ‘Positive' from ‘Stable' while reaffirming the rating at ‘CRISIL AA-'.”


Besides the rating on the commercial paper programme of the company has been reaffirmed at ‘CRISIL A1+'.


Meanwhile shares of the company were trading at Rs 138.40 apiece down 1.63 per cent from previous close on BSE at 12:35 hours.