The Andhra Sugars Limited has informed the Exchange about Credit Rating
ANDHRSUGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has reaffirmed its credit ratings on The Andhra Sugars Limited's bank facilities totaling Rs. 160 crore. The long-term fund-based facilities of Rs. 100 crore (working capital and unallocated) retain the [ICRA]A+ rating with a Stable outlook. The short-term non-fund-based facilities of Rs. 60 crore keep the [ICRA]A1+ rating. These ratings apply to limits from Union Bank of India (Rs. 50.30 crore) and State Bank of India (Rs. 46.80 crore), with the rest being unallocated. The ratings were originally assigned on September 12, 2025, and communicated formally on September 22, 2025. A 'reaffirmed' status means the credit agency sees no change in the company's creditworthiness compared to its previous assessment.
This is a neutral-to-positive signal for shareholders — the company maintains a strong investment-grade credit profile (A+/A1+), suggesting stable financial health and continued access to bank funding at favorable terms. No immediate impact on stock price is expected.