Revision and Upgradation of Credit Rating -Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
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Cosmic CRF Ltd's long-term bank facilities rating has been upgraded by Infomerics Valuation and Rating Limited from IVR BBB/Stable to IVR BBB+/Stable (Triple B Plus with Stable Outlook), reflecting improved creditworthiness. The company has also been assigned a short-term bank facilities rating of IVR A2, indicating strong degree of safety regarding timely payment of financial obligations. The rating action covers total bank facilities of Rs. 74.50 crore, including term loans, cash credit limits from Bank of India and State Bank of India, and proposed working capital limits. The upgrade was based on the company's operational and financial performance for FY25 and H1FY26.
This rating upgrade is a positive signal for shareholders, indicating improved financial health and reduced credit risk, which could lower future borrowing costs and enhance the company's credibility with lenders and investors.