Rajkumar Forge Limited has informed that India Ratings & Research has affirmed and reassigned the rating with revision in outlook from Stable to Negative on Long Term Loan and Fund based working capital facilities.
Long term loan and Fund based working capital are worth Rs5cr and Rs9cr respectively.
The Company also informed that India Ratings & Research has affirmed and reassigned the rating on Non-fund based working capital limits worth Rs5.5cr. Further India Rating & Research has assigned IND BBB/Negative rating to unsupported rating.
Rajkumar Forge Ltd was currently trading at Rs35 apiece down by Rs0 or 0% from its previous closing of Rs35 apiece on the BSE.