Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Infomerics ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
B&A Packaging India has received a credit rating from Infomerics Valuation and Rating Limited for its bank facilities totaling Rs. 41.42 crore. The company was assigned IVR BBB with Stable Outlook on long-term facilities of Rs. 34.22 crore (a Rs. 19.22 crore term loan from Punjab National Bank repayable by March 2031, plus a Rs. 15 crore cash credit limit). Short-term facilities of Rs. 7.20 crore (letter of credit of Rs. 7 crore and forward contract of Rs. 0.20 crore) were rated IVR A3+. This appears to be the company's first formal credit rating assignment, with the rating valid until February 16, 2027. The IVR BBB rating indicates a moderate degree of safety regarding timely servicing of financial obligations.
This is an initial rating assignment, not an upgrade or downgrade, so there is no direct positive or negative price catalyst. However, obtaining an investment-grade rating with a stable outlook gives the company a recognized credit profile that can support smoother access to bank funding going forward.