Balrampur Chini Mills Limited has informed the Exchange about Credit Rating
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Crisil Ratings has reaffirmed Balrampur Chini Mills' long-term credit rating at 'AA+/Stable' and its Commercial Paper rating at 'A1+'. The total bank loan facilities rated by Crisil have been enhanced from Rs. 3,808.75 crores to Rs. 4,269.75 crores. This increase is on account of enhanced credit facilities from banks. AA+ is a high investment-grade rating, reflecting strong financial health and creditworthiness.
Positive for shareholders — the reaffirmed AA+ rating with stable outlook signals continued financial strength, while the Rs. 461 crore increase in rated bank facilities suggests greater banking confidence and improved access to funding for the company.