Jain Irrigation Systems Credit Rating
Jain Irrigation Systems Limited informed the exchange that CRISIL Ratings reaffirmed ratings on bank facilities and NCDs, while withdrawing ratings on specific redeemed instruments.
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Jain Irrigation Systems Limited informed the exchange that CRISIL Ratings reaffirmed ratings on bank facilities and NCDs, while withdrawing ratings on specific redeemed instruments.
CRISIL reaffirmed JISL's BBB-/Negative ratings on bank loan facilities and NCDs. Rated bank facility size decreased after withdrawal of portions following no-dues certificates.
CRISIL Ratings has reaffirmed the 'BBB-/Negative' and 'A3' credit ratings for Jain Irrigation Systems Limited's bank loan facilities and non-convertible debentures.
ICRA Limited downgraded Jain Irrigation Systems Limited's credit rating for its ₹787.24 Crore Non-Convertible Debentures from [ICRA]BBB-(Negative) to [ICRA]BB+(Negative) and subsequently withdrew it at the company's request. The company maintains a valid rating from CRISIL.