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The latest update is out from GMR Airports Ltd ( (IN:GMRAIRPORT) ).
GMR Airports Limited announced that CARE Ratings Limited has assigned a rating of ‘CARE A; Stable / CARE A1’ to its new long-term and short-term bank facilities amounting to Rs 500 crore. The rating agency also reaffirmed the same ratings for the company’s existing long-term and short-term bank facilities, as well as ‘CARE A; Stable’ for its outstanding non-convertible bonds, underscoring a stable credit profile that may support the company’s funding flexibility and investor confidence.
More about GMR Airports Ltd
GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, operates in the airports and aviation infrastructure sector, managing and developing airport assets and related facilities. The company is listed on both BSE and NSE and raises capital through a mix of equity, debt instruments, and bank facilities to support its infrastructure and operational requirements.
Average Trading Volume: 1,044,932
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1072.3B INR
Learn more about GMRAIRPORT stock on TipRanks’ Stock Analysis page.