Capri Global Capital Limited has informed the Exchange about Credit Rating- Others- Acuité Ratings & Research Limited
CGCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Capri Global Capital has received an enhancement of its credit-rated limits from Acuité Ratings. The rated limit for bank loan facilities has been raised from Rs. 7,050 crore to Rs. 9,550 crore (a ~35% increase), while the rated limit for Non-Convertible Debentures (NCDs) has been raised sharply from Rs. 750 crore to Rs. 2,850 crore (nearly 4x increase). The rating itself remains unchanged at 'ACUITE AA | Stable', which is a high investment-grade rating. Together, this expands the company's total rated borrowing capacity to around Rs. 12,400 crore, providing it with significantly more room to raise funds from banks and the bond market at attractive rates.
Positive for shareholders — the enhanced limits at a stable AA rating signal strong lender confidence and give the company greater firepower to fund its lending business growth without diluting equity. Easier access to large-scale, low-cost debt should support future expansion and profitability.