we here by submitted the Annual Crisil Rating.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ashnoor Textile Mills has informed the stock exchange about a CRISIL rating review for its bank loan facilities totalling Rs. 80 crore. The long-term rating of CRISIL BBB- has been reaffirmed, while the outlook has been revised upward from 'Stable' to 'Positive'. The short-term rating of CRISIL A3 has also been reaffirmed. The facilities are spread across Bank of Baroda, covering a long-term loan of Rs. 26 crore and non-fund based/packing credit limits of Rs. 54 crore.
A positive outlook revision signals that CRISIL sees potential for a rating upgrade if the company maintains its current credit metrics. For shareholders, this reflects improving creditworthiness and lower perceived default risk, which is mildly positive for the stock and could ease future borrowing costs.