We Wish to inform you that CRISIL Rating has issued its credit rating on the long term bank facilities of Asarfi Hospital Limited(the Company) the rating has been assigned at CRISIL BBB-/ Stable.
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Asarfi Hospital Limited has received a fresh credit rating of CRISIL BBB-/Stable (Assigned) on its long-term bank facilities, marking the first time CRISIL has formally rated these borrowings. The rated facilities total Rs. 46.5 Crore and include a Cash Credit of Rs. 9.8 Crore and Term Loan of Rs. 15.02 Crore from State Bank of India, plus a Term Loan of Rs. 21.68 Crore from HDFC Bank. The BBB- grade places the hospital in the lower-medium investment-grade category, indicating moderate but adequate ability to meet its debt obligations. The Stable outlook suggests CRISIL does not expect any near-term change in the company's credit profile. The rating is valid until October 7, 2026, after which a fresh review will be required.
This is a neutral-to-mildly positive signal for shareholders — the company now has a recognized investment-grade credit rating, which may help it raise debt at competitive rates going forward. However, the rating is in the lower rung of investment grade, so investors should note the moderate credit risk profile.