Stocks

Crisil upgrade bodes well for Redington

| Updated on January 09, 2018


Crisil has communicated the upgradation of its long-term ratings on the bank facilities of Redington India to ‘Crisil AA/Stable’ to ‘Crisil AA-/Positive’. Crisil, an S&P Global company, reaffirmed its short-term rating for Redington’s commercial paper at ‘Crisil A1+’ (the highest rating in this category). Shares of Redington will remain in focus post upgradation. The company had posted a profit of ₹66.40 crore for the quarter ended September 2017 on revenues of ₹3,874.11 crore.

Published on December 08, 2017

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