The Credit Rating of Bank Facilities of the Company done by India Ratings & Research is enclosed.
AVADHSUGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings & Research has reaffirmed the credit ratings for Avadh Sugar & Energy Limited's bank facilities at IND A+ with Stable outlook for long-term facilities and IND A1 for short-term facilities. The total rated bank facilities amount to INR 18,178.90 million, slightly reduced from the previous INR 18,372.70 million. The rating action is 'Affirmed' indicating no change in the credit quality assessment. Facilities include term loans and working capital limits from multiple banks including ICICI Bank, State Bank of India, Yes Bank, HDFC Bank, Axis Bank, RBL Bank, and DCB Bank. This reaffirmation reflects the rating agency's view that the company continues to maintain adequate credit quality and debt servicing capability.
The stable rating affirmation indicates the company maintains its creditworthiness and access to bank financing remains intact. No immediate negative impact on shareholders, as the outlook suggests stable operating conditions and manageable leverage for the sugar and energy business.