We submit updates with regards to credit rating - CARE Ratings Limited has reviewed and assigned credit ratings of the Company for long term and short term bank facilities availed.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Axtel Industries' credit ratings for its bank facilities. The long-term/short-term bank facilities of ₹12.00 crore were reaffirmed at CARE A- (Stable) for the long-term portion and CARE A2+ for the short-term portion. The short-term bank facilities of ₹38.00 crore were reaffirmed at CARE A2+. Total rated facilities stand at ₹50.00 crore, primarily consisting of cash credit and performance bank guarantees from Bank of Baroda. The review was based on FY25 audited and H1FY26 unaudited financial performance. The disclosure is voluntary as the company has not issued any debt securities.
This is a neutral event for shareholders. The reaffirmation indicates that CARE Ratings views the company's creditworthiness and financial performance as consistent with its existing ratings. There is no change in borrowing costs or any negative signal, and the investment-grade ratings (A-/A2+) suggest adequate financial health.