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Last Updated : Sep 13, 2019 02:54 PM IST | Source:

Intellect Design Arena gains 4% after CRISIL upgrades credit rating

CRISIL has upgraded its long term rating to A-/positive, saying the outlook revised from stable and reaffirmed.

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Shares of Intellect Design Arena gained 4 percent intraday September 13 after CRISIL upgraded credit ratings on the company's bank facilities.

The stock gained more than 7 percent this week. It was quoting at Rs 224.60, up Rs 4.65, or 2.11 percent on the BSE at 13:58 hours IST.
CRISIL has upgraded its long term rating for the company's bank facilities to A- and revised outlook to positive from stable.

The short term rating has been reaffirmed at A2+ by the rating agency.

Intellect said total rated bank loan facility stood at Rs 550 crore.

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First Published on Sep 13, 2019 02:54 pm
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