ICRA has downgraded Mirza International's long-term rating to [ICRA]BBB+(Stable) and short-term rating to [ICRA]A2. The rating action covers total bank facilities worth Rs. 205 Crore.
CRISIL Ratings has downgraded Mirza International Limited's long-term rating to 'CRISIL BBB+/Negative' from 'CRISIL A-/Negative' and short-term rating to 'CRISIL A2' from 'CRISIL A2+'. The revision affects bank loan facilities totaling ₹215 Crore, reflecting a cautious outlook on the company's credit profile.
