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Man Infraconstruction gains 2% as CARE upgraded rating for bank facilities

The rating agency has upgraded company's fund-based long-term bank facilities worth Rs 32.50 crore to A- with stable outlook, from BBB+
Dec 8, 2017 / 10:48 AM IST
 
 
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Man Infraconstruction share price gained nearly 2 percent intraday Friday after CARE has upgraded its rating for bank facilities.

The rating agency has upgraded company's fund-based long-term bank facilities worth Rs 32.50 crore to A- with stable outlook, from BBB+.

The rating on non-fund-based long/short term bank facilities worth Rs 188.18 crore also upgraded by CARE to A- (stable) / A2+, from BBB+ (stable) / A2.

Mumbai-based Man Infraconstruction provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects.

At 10:40 hours IST, the stock price was quoting at Rs 62.90, up Rs 1.05, or 1.70 percent on the BSE.
first published: Dec 8, 2017 10:48 am

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