CRISIL Reaffirms and Withdraws Credit Rating on Rs. 130 Crore Debt Facilities
DRAGARWQ · price
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CRISIL Ratings has reaffirmed its AA-/Stable rating on Dr Agarwals Eye Hospital's debt facilities totaling Rs. 130 crore (cash credit of Rs. 4 cr from Axis Bank and long-term/term loans of Rs. 126 cr) and simultaneously withdrawn the rating at the company's request, with lender NOCs obtained. These facilities continue to be rated by ICRA Limited. The reaffirmation indicates no change in credit quality; the withdrawal is a procedural change, not a negative signal.
Neutral for shareholders — rating quality unchanged at AA-/Stable; withdrawal is procedural and coverage shifts to ICRA, so no impact on stock price expected.