Intimation of Revised Credit Rating
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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ICRA has reaffirmed its credit ratings on Acknit Industries' banking facilities from State Bank of India, with the review completed on September 15, 2025 and communicated on September 23, 2025. The long-term rating stands at [ICRA]BBB with a Stable outlook, covering Rs. 71.28 crore in fund-based working capital and term loan facilities. The short-term rating is [ICRA]A3+ for Rs. 6.02 crore in non-fund-based facilities, with another Rs. 2.02 crore rated on a combined long-term/short-term scale. Total banking facilities rated amount to Rs. 79.32 crore. The prior rating was communicated on March 27, 2025, and the current ratings remain unchanged (marked as 'outstanding'), meaning the rating has been continued rather than altered.
The reaffirmed BBB/Stable rating indicates moderate creditworthiness with no expected near-term change, which is neutral for shareholders. No downgrade occurred, so borrowing costs from SBI should remain stable. Investors should note BBB is the lowest investment-grade tier, leaving limited cushion if conditions weaken.