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CRISIL Ratings has revised its credit ratings on Ashnoor Textile Mills' bank facilities totalling Rs. 80 crores for FY 2025-26. The long-term rating of CRISIL BBB-/Stable was reaffirmed, but the outlook was revised from 'Positive' to 'Stable'. The short-term rating of CRISIL A3 was also reaffirmed. Bank-wise, facilities include a Rs. 26 crore long-term loan, Rs. 4 crore non-fund based limit, and Rs. 50 crore packing credit, all from Bank of Baroda. The rating letter was issued on September 5, 2025 and is valid till March 31, 2026.
The outlook revision from 'Positive' to 'Stable' is mildly negative for shareholders — it removes the possibility of a near-term rating upgrade and signals that CRISIL no longer expects credit improvement in the coming periods, though the actual rating was maintained.