ICRA assigns LA+, A1+ to Haldia's loans

New Delhi, Dec 17 (UNI) Independent credit rating ICRA today assigned LA+ rating to Rs 20.24 billion long term loans and Rs 6.5 billion fund-based lines and a rating of AQ1+ to Rs 19.7 billion non-fund based bank limits of Haldia Petrochemicvals Ltd (HPL).

LA+ assigned to the fund - based lines of credit and term loans indicates adequsate credit quality and average credit risk.

The A1+ assigned to non - fund based bank limit is the highest credit quality rating assigned to short-term debt instruments, said a statement.

UNI