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The latest announcement is out from Great Eastern Shipping Co. Ltd. ( (IN:GESHIP) ).
The Great Eastern Shipping Company Limited announced that Brickwork Ratings India Pvt. Ltd. has reaffirmed its highest long-term credit rating of BWR AAA with a Stable outlook for the company’s outstanding non-convertible debentures (NCDs) totaling Rs 1,050 crore, while withdrawing the rating on Rs 700 crore of NCDs that have been fully redeemed. The reaffirmation of the top-tier rating and the withdrawal linked to completed redemption underscore the company’s strong credit profile and funding discipline, which support its position in the shipping sector and provide comfort to bondholders and other stakeholders regarding its ability to meet long-term obligations.
More about Great Eastern Shipping Co. Ltd.
The Great Eastern Shipping Company Limited is an Indian shipping company engaged in the transportation of crude oil, petroleum products, gas and dry bulk commodities, serving domestic and international trade routes. It operates a diversified fleet and raises long-term funding through instruments such as non-convertible debentures (NCDs), which are rated by credit rating agencies to reflect its creditworthiness in the capital markets.
Average Trading Volume: 30,491
Technical Sentiment Signal: Strong Buy
Current Market Cap: 159.2B INR
Learn more about GESHIP stock on TipRanks’ Stock Analysis page.