BILNSEBhartiya International Limited· Leather And Leather ProductsHighNegative
Announced Fri, 22 Aug · 12:03 IST

Bhartiya International Limited has informed the Exchange about Credit Rating- Revision

Rating Watch NegativeCredit & Debt View source PDF

BIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

India Ratings and Research (Ind-Ra) has placed Bhartiya International Limited's bank loan facilities on 'Rating Watch with Negative Implications' as of August 21, 2025. This affects bank loan facilities worth INR 6,470.70 million. The long-term rating stands at IND BBB and the short-term rating at IND A2, both carrying the negative watch. A 'Rating Watch with Negative Implications' means the agency sees a possible risk of a future downgrade and is monitoring the company's creditworthiness closely. The detailed rating rationale is available on the company's website and on Ind-Ra's portal.

Likely market impact

This is a negative signal for shareholders and lenders — it does not mean an immediate downgrade, but indicates rising credit risk concerns that could lead to a rating cut if conditions worsen. It may also make future borrowing slightly more expensive for the company.