Dodla Dairy Limited has informed the Exchange about Credit Rating
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ICRA has reaffirmed Dodla Dairy's credit ratings on its total bank facilities of Rs. 350 crore. Long-term facilities (term loans, cash credit, unallocated limits) rated at [ICRA]AA(Stable) and short-term facilities (overdraft, cash credit) rated at [ICRA]A1+ — both indicating high safety in debt servicing. The Rs. 225 crore term loan rating was assigned for an enhanced amount, meaning the company's sanctioned loan limit was increased at the same strong rating level. The ratings are spread across lenders including Kotak Mahindra Bank, ICICI Bank, HDFC Bank, and Standard Chartered Bank.
Positive signal for shareholders — the company retains a high-quality investment-grade rating with a stable outlook, and was able to get its term loan limit enhanced at the same strong rating, reflecting lender confidence in Dodla Dairy's credit profile.