Gulf Oil Lubricants India shares jumped nearly 2% a credit rating upgrade by ICRA.

The agency upgraded the company’s long-term fund-based cash credit rating of ₹92 crore to ICRA AA+; Stable from ICRA AA; Stable. Additionally, the short-term ratings for fund-based and non-fund-based facilities of ₹50 crore and ₹490 crore were reaffirmed at ICRA A1+.

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TOPICS: Gulf Oil