Asian Granito India Limited has informed the Exchange about Credit Rating
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Infomerics Valuation and Rating Limited has reaffirmed Asian Granito India's credit ratings on bank facilities worth Rs. 155 crore in total. Long-term facilities of Rs. 145 crore retain the IVR BBB+ rating, while short-term facilities of Rs. 10 crore retain the IVR A2 rating. Both ratings continue under 'Rating Watch with Developing Implications' (RWDI), meaning the ratings could be revised either upward or downward based on future developments. Lenders include HDFC Bank, IDBI Bank, and IndusInd Bank, covering cash credit, working capital demand loans, and letter of credit facilities. The rating is valid until May 29, 2026, and the company's filing notes the previous outlook was 'Stable,' suggesting the outlook has shifted from stable to under watch.
The underlying BBB+ rating (investment grade with moderate safety) is unchanged, but the continued watch with developing implications signals unresolved uncertainty around the company's credit profile. Shareholders should monitor for further updates, as a positive development could lead to an upgrade and a negative one to a downgrade.