Issuance of Credit Rating by ICRA Limited with respect to the debt facilities availed by the Company, is enclosed.
DRAGARWQ · price
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Awaiting price reaction for this filing.
Dr Agarwals Eye Hospital has received credit ratings from ICRA Limited for its debt facilities, with the rating action being an 'assignment' (first-time rating). ICRA assigned AA- (Stable) rating for a long-term loan of ₹85.80 crores from Axis Bank. Additionally, unallocated long-term/short-term limits of ₹54.20 crores were assigned ICRA AA- (Stable) for long-term and ICRA A1+ (highest grade) for short-term. ICRA AA- is a high investment-grade rating, indicating strong financial health and low default risk. This is a routine disclosure made under SEBI listing regulations.
Positive for shareholders — the AA- (Stable) rating signals strong creditworthiness and low default risk, which could help the company raise debt at competitive rates for future expansion. No negative impact on stock price expected as this is a first-time rating assignment, not a change from a prior rating.