CARE Ratings has reaffirmed the credit ratings of Bannari Amman Sugars for the credit facilities availed by the company from bankers.

The rating on the long term fund based credit facilities has been reaffirmed at CARE A+ with stable outlook. It included term loans of Rs 935 million and cash credit of Rs 7,450 million (enhanced from Rs 5,645 million).

The rating on long term / short term non-fund based limits (Rs 154 million) has been reaffirmed as CARE A+; Stable/CAREA1+.

The rating on short term fund based facility Rs 100 million (reduced from Rs.3,100 million) was reaffirmed at CARE A1+, the rating agency said.

Shares of the company declined Rs 11.05, or 0.77%, to trade  at  Rs 1,428.20.  The total volume of shares traded  was  93 at  the BSE (Tuesday).