Bhartiya International Limited has informed the Exchange about Credit Rating
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India Ratings and Research (Ind-Ra) has reaffirmed Bhartiya International Limited's Long-Term Issuer Rating at 'IND BBB' with a Stable Outlook. The rating action covers the company's Fund Based Working Capital Limit of ₹501.1 crore (IND BBB/Stable/IND A2), Non-Fund Based Working Capital Limit of ₹66.35 crore (IND A2), existing Term Loan of ₹61.1 crore (IND BBB/Stable), and a Proposed Term Loan of ₹18.52 crore (IND BBB/Stable). This is a continuation of the company's existing credit profile, with no change in rating or outlook from the prior assessment.
The reaffirmation at IND BBB with a Stable Outlook signals that the company's creditworthiness and ability to meet financial obligations remain unchanged, providing continuity for lenders and investors. There is no immediate positive or negative trigger for the stock price from this announcement.