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Last Updated : Dec 06, 2019 03:06 PM IST | Source: Moneycontrol.com

Shakti Pumps shares fall 3% after CARE revises credit rating

"CARE Ratings has revised credit rating for long-term bank facilities from "CARE A-" with a stable outlook to "CARE A-" with a negative outlook," the company said in a regulatory filing.

 
 
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Shares of Shakti Pumps (India) fell over 3 percent on BSE on December 6 after CARE revised the company's credit rating for its long-term bank facilities.

"CARE Ratings has revised credit rating for long-term bank facilities from "CARE A-" with a stable outlook to "CARE A-" with a negative outlook," the company said in a regulatory filing.

CARE reaffirmed "CARE A2+" on the company's short-term bank facilities.

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Around 15:00 hours IST, shares of the company traded 2.90 percent down at Rs 207.85 on BSE.

Equity benchmark Sensex was 291 points, or 0.71 percent, down at 40,488 around that time.

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First Published on Dec 6, 2019 03:06 pm
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