Dabur India Limited has informed the Exchange about Credit Rating
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ICRA Limited has reaffirmed Dabur India's highest credit rating of [ICRA]AAA (Stable) for its Non-Convertible Debenture programme of Rs. 250 crore and bank facilities totalling Rs. 1,000 crore. The bank facilities, spread across lenders like HDFC Bank, Standard Chartered, ICICI Bank, Citibank, Bank of America, RBL, YES Bank, Axis Bank, and IDBI Bank, received [ICRA]AAA (Stable) for long-term and [ICRA]A1+ for short-term obligations. The 'Stable' outlook indicates the rating is expected to remain unchanged in the near term, reflecting continued strong credit quality.
Reaffirmation of the top-tier AAA rating with a stable outlook signals robust financial health and low default risk, which is positive for shareholders. This should support the company's borrowing costs and overall investor confidence.