Infomerics Valuation and Rating Pvt Ltd have reaffirmed
RITES Ltd short term rating at IVR A1+.
The rating on the short term non fund based bank facilities previously stood at IVR A1+ which has now been reaffirmed.
The size of the instrument is Rs850cr, the company informed.
The rating has been affirmed after taking into account all the relevant recent developments and the operational and financial performance of the company during FY2019 and FY2020 with H1FY2021.