Balrampur Chini Mills Limited has informed the Exchange about Credit Rating
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Balrampur Chini Mills Limited received credit rating affirmations from India Ratings & Research Private Limited. The short-term Commercial Paper programme of INR 9,000 million was affirmed at 'IND A1+' (highest rating), while the INR 3,000 million Term Loan was affirmed at 'IND AA+/Stable' (strong investment grade with stable outlook). The company also maintains comparable ratings from Crisil Ratings for its overall bank loan facilities totalling INR 45,697.50 million. All ratings were simply affirmed with no changes to outlook or rating action.
The affirmation of ratings with stable outlook signals the company's continued financial stability and strong creditworthiness, which is positive for investor confidence and borrowing costs.