Gitanjali Gems Ltd has informed that the Credit Analysis & Research Ltd (CARE) has assigned CARE A (single A) rating to the Long Term facilities of the Company. This rating is applicable for facilities having tenure of more than one year. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.
Further, CARE has assigned PR 1 (PR One) rating for the Short Term facilities of the Company. This rating is applicable for facilities having tenure up to one year. Instruments with this rating would have strong capacity for timely payment of short-term debt obligations and carry lowest credit risk.
Further, CARE has assigned PR 1 (PR One) rating for the Short Term facilities of the Company. This rating is applicable for facilities having tenure up to one year. Instruments with this rating would have strong capacity for timely payment of short-term debt obligations and carry lowest credit risk.
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