Deepak Builders & Engineers India Limited has informed the Exchange about Credit Rating- Revision
DBEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings has reaffirmed Deepak Builders' credit ratings, keeping the long-term rating at BBB+/Stable and short-term rating at A2. The ratings apply to total bank loan facilities of Rs. 637 Crore, which has been enhanced from the earlier Rs. 470 Crore — an increase of Rs. 167 Crore. The facility is split across Punjab National Bank and HDFC Bank, covering fund-based limits, non-fund-based limits, and term loans. The outlook remains Stable, indicating CRISIL's view that the company's credit profile is unchanged.
Reaffirmation of BBB+/Stable rating signals stable creditworthiness, while the enhanced facility limit (up ~35% from Rs. 470 Cr to Rs. 637 Cr) reflects bank confidence and gives the company more borrowing headroom for growth — modestly positive for shareholders.