Avenue Supermarts Limited has informed the Exchange about Credit Rating
DMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avenue Supermarts Limited (DMART) received credit rating reaffirmation from ICRA Limited. The highest short-term rating of [ICRA] A1+ was maintained for the Commercial Paper program. The borrowing limit was increased from Rs. 500 crores to Rs. 800 crores, with the rating both reaffirmed and assigned for the enhanced amount. This indicates ICRA's continued confidence in the company's ability to meet short-term debt obligations. The rating remains valid throughout the life of the program with a maximum maturity of twelve months from issuance.
Positive for shareholders - maintaining the highest credit rating with an expanded borrowing limit signals strong financial health and improved liquidity access for the retailer.