- 105283 - Announcement under Regulation 30 (LODR)-Credit Rating
Awaiting price reaction for this filing.
Kirloskar Pneumatic Company Limited has received a credit rating action from CRISIL dated March 28, 2025. The long-term rating has been reaffirmed at CRISIL AA-/Positive, with the outlook revised upward from Stable to Positive. The short-term rating has been reaffirmed at CRISIL A1+. The ratings cover bank facilities of Rs. 40 crore (cash credit) and Rs. 596 crore (letters of credit and bank guarantees), totaling Rs. 636 crore in assessed credit lines. This is a positive credit action indicating CRISIL's improved confidence in the company's financial health and repayment capability.
Positive for shareholders — the outlook upgrade to Positive signals that CRISIL may consider a further rating upgrade in the coming 12-18 months, reflecting strengthening business fundamentals. This typically lowers borrowing costs and boosts investor confidence in the stock.