Balrampur Chini Mills Limited has informed the Exchange about Credit Rating
BALRAMCHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Balrampur Chini Mills has shared an update on its credit ratings assigned by India Ratings & Research. The agency affirmed its IND A1+ rating on an existing Commercial Paper of ₹5,000 million and assigned the same IND A1+ rating to a new Commercial Paper of ₹4,000 million. For a Term Loan of ₹3,000 million, the IND AA+/Stable long-term rating was also affirmed. The company's total Commercial Paper programme stands at ₹9,000 million, and total bank loan facilities at ₹41,087.50 million, also rated by Crisil. Both short-term (A1+) and long-term (AA+) ratings sit at high investment-grade levels.
Affirmation of existing ratings signals continued financial stability and ease of access to short-term and long-term borrowings. The new ₹4,000 million Commercial Paper rating gives the company additional funding headroom, which is mildly positive for shareholders.