CRISIL HAS ISSUED THE FRESH CREDIT RATING ON APRIL 07TH 2025 AND RECEIVED BY THE COMPANY ON APRIL 15TH 2025. AND SAME IS ATTACHED.
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Ashnoor Textile Mills has disclosed a fresh credit rating from CRISIL on its Rs. 80 crore bank loan facilities. The company received long-term rating of CRISIL BBB-/Stable and short-term rating of CRISIL A3, issued on April 7, 2025. Bank-wise, Bank of Baroda holds three facilities: a Rs. 26 crore long-term loan (BBB-/Stable), a Rs. 4 crore non-fund based limit (A3), and a Rs. 50 crore packing credit (A3). The rating was unchanged from the prior outstanding rating, confirming continuity of the company's credit profile.
This is a routine rating reaffirmation with no change in rating or outlook, so it is neutral for shareholders. The BBB-/Stable rating indicates the company remains in the lowest investment-grade tier with stable repayment capacity.