CRISIL reaffirms the AA- rating of Angel One’s bank credit facilities

Angel One Limited has informed that CRISIL Ratings Limited has reaffirmed its ratings on the company’s long-term bank facilities, short-term bank facilities and commercial paper.

The rating agency also upgraded the amount of the company’s bank loan and commercial paper facilities from the existing Rs 1,500 crore to Rs 4,500 crore.

The rating agency reaffirmed the “CRISIL AA-” rating for the company’s long-term bank facilities. The outlook for these instruments has been kept “stable”.

The company’s short-term rating has been reaffirmed at ‘CRISIL A1+’.

CRISIL has also reaffirmed the ‘CRISIL A1+’ rating for the company’s commercial papers worth Rs 750 crore, which has been upgraded from the existing Rs500 crore.

In addition, CRISIL has also assigned a rating to long-term capital-protected market-linked debentures worth Rs100 crore. The rating agency assigned it the rating “CRISIL PPMLD AA-r/Stable”.

At around 11:48 a.m., Angel One was trading at Rs 1,282.50 per coin, down Rs 1.75 or 0.14% from its previous close of Rs 1,284.25 on BSE. The certificate opened at Rs 1,312 and touched the intraday high and low of Rs 1,316.20 and Rs 1,280.30 respectively.

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