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Acuite Ratings assigned and reaffirmed a BBB rating (Stable) to Incredible Industries' bank loans totaling Rs 147 Crore. The rating covers term loan, cash credit and letter of guarantee facilities.
Incredible Industries Limited announced that Infomerics Valuation and Rating Private Limited has withdrawn its credit ratings for the company's ₹45.00 Crore bank facilities. The withdrawal, effective April 30, 2026, was conducted at the company's request following the receipt of No Objection Certificates from its lenders.
Incredible Industries Ltd faced a credit rating downgrade from Infomerics (IVRPL) for its bank facilities. Long-term ratings moved to IVR BBB-/Negative and short-term to IVR A3, both classified as 'Issuer Not Cooperating' due to non-submission of information. The company maintains valid ratings from Acuité Ratings and is seeking to withdraw the IVRPL ratings.