Disclosure of Credit Rating
AZAD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Azad Engineering has received a credit rating upgrade from CARE Ratings. The long-term bank facility of ₹145 crore has been upgraded from CARE A- (Stable) to CARE A (Stable). The combined long-term/short-term bank facility of ₹35 crore has also been upgraded to CARE A (Stable) for the long-term portion and CARE A2+ for the short-term portion. The upgrades reflect improved financial health and reduced risk profile as assessed by the rating agency. Total rated facilities stand at ₹180 crore across both categories.
Positive for shareholders — a rating upgrade signals stronger financial stability and lower default risk, which can improve borrowing terms and boost investor confidence in the stock.