Cheviot Company Limited has informed the Exchange about Credit Rating- New
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Crisil Ratings has reaffirmed Cheviot Company Limited's Long-Term Rating at Crisil A+/Stable and Short-Term Rating at Crisil A1+ on its bank loan facilities. The total bank loan facilities rated amount to Rs. 34 crore, covering cash credit of Rs. 10 crore, a non-fund based limit of Rs. 22 crore from Axis Bank, and a proposed term loan of Rs. 2 crore. The rating was part of the annual surveillance exercise and the letter remains valid till March 31, 2027. This is a continuation of the same rating that was already outstanding during April 1-20, 2026, meaning there is no change in the company's credit profile.
No material impact on shareholders or stock price as the rating remains unchanged. The reaffirmed A+/Stable rating signals continued financial stability and good creditworthiness, which supports the company's ability to borrow at reasonable rates from banks.