{"id":7250,"date":"2022-04-03T16:43:33","date_gmt":"2022-04-03T16:43:33","guid":{"rendered":"https:\/\/thenewzbiz.com\/?p=7250"},"modified":"2022-04-03T16:43:33","modified_gmt":"2022-04-03T16:43:33","slug":"crisil-upgrades-goodluck-indias-long-and-short-term-rating-to-a-stable-and-a2-respectively","status":"publish","type":"post","link":"https:\/\/thenewzbiz.com\/?p=7250","title":{"rendered":"CRISIL upgrades Goodluck India\u2019s long- and short-term rating to A-\/Stable and A2+ respectively"},"content":{"rendered":"<p><strong>The Newz Biz Team, PUNE<\/strong><\/p>\n<p>Goodluck India Ltd. (BSE: 530655, NSE: GOODLUCK), is amongst India\u2019s leading manufacturers of a wide range of Engineering Structure, Precision\/Auto Tubes, Forging for Defense &amp; Aerospace, CR Products, and GI Pipes, has received an upgraded credit rating from CRISIL on its bank loan facilities.<\/p>\n<p>CRISIL upgraded the Company\u2019s long-term rating from BBB\/Positive to A-\/Stable and the short-term rating from A3+ to A2+. The change in rating reflects a substantial improvement in the business and financial profile of Goodluck. The improvement is supported by a significant increase in the scale of operations, healthy order book, and sustained operating margin.<\/p>\n<p>Commenting on this development, Mr. M C Garg, Chairman, Goodluck India Ltd. Said I am glad to share that CRISIL has upgraded its credit rating for our bank loan facilities. Our long-term rating was upgraded from BBB\/Positive to A-\/Stable and the short-term rating from A3+ to A2+. This reflects the company\u2019s strong business fundamentals, robust performance, and order book. This improvement in our credit rating is based on our scaling up of operations and should also be helpful for our future growth and expansion plans. We are proud to have received a good rating from CRISIL, which is a benchmark among rating agencies and is revered across markets. I take this opportunity to thank the entire team of Goodluck for their hard work, and all the stakeholders for their help and support, which helps our Company scale new heights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Newz Biz Team, PUNE Goodluck India Ltd. (BSE: 530655, NSE: GOODLUCK), is amongst India\u2019s leading manufacturers of a wide range of Engineering Structure, Precision\/Auto Tubes, Forging for Defense &amp; Aerospace, CR Products, and GI Pipes, has received an upgraded credit rating from CRISIL on its bank loan facilities. CRISIL upgraded the Company\u2019s long-term rating [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,505],"tags":[3540,3541,3537,3538,302,3539],"class_list":["post-7250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-press-releases","tag-a-stable","tag-a2-respectively","tag-crisil","tag-goodluck","tag-india","tag-long-and-short-term"],"_links":{"self":[{"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=\/wp\/v2\/posts\/7250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7250"}],"version-history":[{"count":1,"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=\/wp\/v2\/posts\/7250\/revisions"}],"predecessor-version":[{"id":7252,"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=\/wp\/v2\/posts\/7250\/revisions\/7252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=\/wp\/v2\/media\/7251"}],"wp:attachment":[{"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewzbiz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}