Care Ratings assigns BBB Stable rating to bank facilities worth Rs 15 crore

New Credit FacilityCredit & Debt View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Care Ratings has assigned a BBB; Stable rating to Hindusthan Insulators' bank facilities totalling Rs 15 crore. This covers Rs 1 crore in long-term fund-based limits and Rs 14 crore in non-fund-based limits (bank guarantee of Rs 8 crore and letter of credit of Rs 6 crore) from State Bank of India. The short-term portion is rated A3+. This is a fresh rating assignment, valid for one year from July 21, 2026.

Likely market impact

Investment grade BBB rating signals adequate financial health and reliable debt servicing ability, generally supportive for lenders and existing shareholders.