Jan. 21, 2011 - IFGL Refractories Ltd has informed BSE that Credit Analysis & Research Ltd (CARE) has recently confirmed having retained CARE A+ (Single A Plus) and PR1+ (PR one plus) rating assigned to Company''s long / medium and short term facilities aggregating to Rs. 86.37 Crores.
While CARE A+ rating is applicable to facilities having tenure of more than one year, PR1+ rating is applicable to facilities having a tenure of upto one year. Facilities with CARE A+ rating are considered to offer adequate safety for timely servicing of debt obligations. Such facilities carry low credit risk. Facilities with PR1+ rating have strong capacity for timely payment of short term debt obligations and carry lowest credit risk.
While CARE A+ rating is applicable to facilities having tenure of more than one year, PR1+ rating is applicable to facilities having a tenure of upto one year. Facilities with CARE A+ rating are considered to offer adequate safety for timely servicing of debt obligations. Such facilities carry low credit risk. Facilities with PR1+ rating have strong capacity for timely payment of short term debt obligations and carry lowest credit risk.
