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ICRA assigns A1+ to LSL's Rs 30 cr CP Programme

Written by: Staff
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New Delhi, July 6 (UNI) Credit rating agency ICRA has assigned A1+ rating to the Rs 30 crore commercial paper (CP) programme of Liberty Shoes Ltd (LSL).

The rating comes in the wake of disruption of production activities at Libertypuram plant following a labour unrest.

ICRA would announce the final rating after evaluating the impact of these developments on the operating and financial risk profile of the company.

The rating of A1+ is the highest-credit-quality rating assigned by ICRA to short-term debt instruments. Instruments rated in this category carry the lowest credit risk in the short term.

UNI MQA PV BD1710

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