Ashoka Buildcon Limited — Credit Ratings, 22-10-2024: Credit Rating

Ashoka Buildcon Limited announced that CARE Ratings has assigned a credit rating of ‘CARE AA-; Stable’ for its Non-Convertible Debentures (NCDs). Additionally, the agency reaffirmed its long-term ratings for the company’s bank facilities: Rs.200 Crore at ‘CARE AA-; Stable’ and Rs.500 Crore at ‘CARE AA-; Stable / CARE A1+’. This reflects the company's strong creditworthiness and stability.