Capri Global Capital Limited has informed the Exchange about Credit Rating- Others - Infomerics Valuation and Rating Limited
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Capri Global Capital Limited has received enhanced credit limits from Infomerics Valuation and Rating Limited. The long-term bank facility limit was raised from Rs. 8,095 crore to Rs. 9,595 crore (an increase of Rs. 1,500 crore). The Non-Convertible Debenture (NCD) limit was also increased from Rs. 900 crore to Rs. 3,000 crore (an increase of Rs. 2,100 crore). Both enhanced limits carry a rating of 'IVR AA/Positive' (Double A with Positive Outlook), indicating strong credit quality. A Positive Outlook suggests the rating agency sees room for further improvement in the future.
This is a positive development for shareholders, as the enhanced credit limits significantly expand Capri Global's borrowing capacity at a high investment-grade rating. The Positive Outlook signals strong financial health and may translate into lower borrowing costs and better access to capital markets going forward.