Credit Ratings
| Sr.No. | Facility / Instrument | Nature | CRISIL Ratings | CARE Ratings |
|---|---|---|---|---|
| 01 | Bank Credit Facilities (Term Loans / Cash Credit) | Long Term | CRISIL A-/Watch Developing* | CARE A/RWD* |
| 02 | Bank Credit Facilities (Term Loans / Cash Credit) | Short Term | CRISIL A1 (Reaffirmed) | - |
| 03 | Non-Convertible Debenture | Long Term | CRISIL A-/Watch Developing* | CARE A/RWD* |
*Watch Developing/RWD – Placed on Rating Watch with Developing implication
Note: Rating by CRA’s are subject to regular revision. Kindly refer the websites of CRA’s for more details.
Revision during the year:
- India Rating & Research has affirmed and withdrawn bank loan rating (IND A-/Stable) of the company w.e.f. May 19,2023
- Care Ratings Limited has upgraded the credit rating of Non- Convertible Debenture of Rs 30 Cr & Long Term Bank Facilities of Rs 500 Cr. from CARE A-/Stable to CARE A/Stable w.e.f. October 2, 2023
- Care Ratings Limited has enhanced the credit rating amount for Long Term Bank facilities from Rs.500 Cr to Rs.1,000 Cr and re-affirmed the credit rating of Non-Convertible Debenture of Rs. 30 Cr & Long Term Bank facilities w.e.f. December 28, 2023
