Every credit rating announcement on NSE and BSE that our alert engine sent, newest first. Each one has its own page with the summary, the key figures and the original filing.
Indian Sucrose Ltd received a credit rating reaffirmation from Infomerics for bank facilities totaling ₹200 Crore. Long-term facilities were reaffirmed at IVR BBB-/Stable, while short-term facilities maintained an IVR A3 rating, reflecting steady profitability and comfortable capital structure despite cyclical industry risks.
KVS Castings Limited has been assigned a 'Crisil BBB-/Stable' long-term rating and a 'Crisil A3' short-term rating by Crisil Ratings Limited for its Rs. 80 Crore bank loan facilities. This rating assignment reflects the agency's current opinion on the company's creditworthiness and ability to meet financial obligations.
Vibhor Steel Tubes Limited secured a CRISIL 'BBB+/Stable/A2' rating for its ₹100 crore bank facilities. The rating reflects the promoters' extensive experience and revenue visibility from an agreement with Jindal Pipes. This enhancement in credibility supports the company's expansion plans, including its recently operationalized 156,000 MTPA Odisha facility.
Maan Aluminium Ltd has received a credit rating reaffirmation from ICRA Limited for its Rs. 105.00 crore bank facilities. The Long-Term rating is [ICRA]BBB+ (Stable) and the Short-Term rating is [ICRA]A2. This reflects the company's stable creditworthiness and consistent debt-servicing capability.
CRISIL Ratings has reaffirmed Pace Digitek Limited's long-term rating at 'CRISIL A-/Stable' and short-term rating at 'CRISIL A2+'. The total rated bank loan facilities have been enhanced to ₹1,400 Crore from ₹1,000 Crore. This rating reflects the company's creditworthiness and stable financial outlook for its expanded borrowing limits.
Studds Accessories Limited announced the withdrawal of its 'CARE A+; Stable / CARE A1+' credit ratings by CARE Ratings Limited. The withdrawal follows a reaffirmation of the ratings and was requested by the company after obtaining No Objection Certificates from its bankers.
Mindspace Business Parks REIT received credit rating reaffirmations from CRISIL, maintaining 'CRISIL AAA/Stable' for Rs. 6,040 Crore in NCDs and 'CRISIL A1+' for Rs. 2,500 Crore in Commercial Paper. A new 'CRISIL AAA/Stable' rating was assigned to a Rs. 100 Crore NCD issue, reflecting the REIT's strong financial profile.
CARE Ratings has reaffirmed the 'CARE AA; Stable' rating for H.G. Infra Engineering Limited's long-term bank facilities. The rated amount has been revised to ₹140.00 crore from ₹200.00 crore. This reaffirmation signals continued creditworthiness and financial stability for the infrastructure company.
CRISIL has reaffirmed Kapston Services Limited's credit ratings at 'CRISIL BBB/Stable' for long-term and 'CRISIL A3+' for short-term bank facilities. The total rated amount has been enhanced to ₹231 Crore from ₹218.50 Crore, reflecting maintained creditworthiness and expanded borrowing capacity.
India Ratings and Research (Ind-Ra) has revised the outlook for IRB Infrastructure Developers Limited to 'Positive' from 'Stable'. The agency affirmed the 'IND AA-' rating for the company's ₹1,289.90 Crore bank loan facilities, reflecting improved creditworthiness and financial stability.
CRISIL has downgraded Maithan Alloys Limited's long-term bank facilities rating to 'CRISIL AA-/Stable' from 'CRISIL AA/Negative' while reaffirming the short-term rating at 'CRISIL A1+'. The action reflects a subdued business profile due to muted revenue and profitability pressure from high power costs. The company maintains a strong financial risk profile with Rs. 600 Crore in rated facilities.
Dharmaj Crop Guard Limited announced that CRISIL Ratings has reaffirmed and withdrawn its 'CRISIL BBB+/Stable' and 'CRISIL A2' ratings for bank facilities totaling ₹237.85 Crore. This follows the company's transition to CARE Ratings for its credit assessment.
Metro Brands Limited received a credit rating reaffirmation from CareEdge Ratings. The rating for its ₹56 Crore bank facilities stands at 'CARE AA; Stable' for long-term and 'CARE A1+' for short-term. The rating reflects the company's robust financial profile, asset-light model, and strong market presence in the footwear industry.
CARE Ratings has reaffirmed Sanstar Ltd's credit rating at 'CARE BBB+; Stable / CARE A2' for ₹113.75 Crore in bank facilities. The rating covers ₹95.00 Crore in long/short-term and ₹18.75 Crore in short-term facilities, reflecting the company's audited FY25 and 9MFY26 performance.
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