Dalmia Bharat Sugar and Industries Limited has informed the Exchange about Credit Rating- New
DALMIASUG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has assigned a fresh long-term rating of CARE AA+ with a Stable outlook to bank facilities worth Rs. 1,550 crore and reaffirmed the CARE A1+ rating on short-term facilities of Rs. 200 crore. The total rated facilities come to Rs. 1,750 crore across lenders like Axis Bank, HDFC Bank, Punjab National Bank, ICICI Bank, Yes Bank, Union Bank, IDBI Bank, Indian Bank and Bandhan Bank. The rating action is based on the company's audited FY25 operational and financial performance. Notably, Rs. 677.5 crore of the long-term rated amount is shown as a 'Proposed' facility, indicating new credit lines being arranged. Both AA+ (high safety) and A1+ (highest short-term safety) are top-tier investment-grade ratings.
Positive for shareholders — the high investment-grade ratings signal strong financial health and should help Dalmia Bharat Sugar secure funds at competitive interest rates. The stable outlook on the long-term rating suggests the agency sees no near-term credit concerns.