Dynamic Cables Limited has informed the Exchange about Credit Rating
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Dynamic Cables Limited has informed the exchanges that CRISIL Ratings has reaffirmed its credit ratings on the company's banking facilities. The long-term rating stands at CRISIL A with a Stable outlook, and the short-term rating at CRISIL A1, both reaffirmed without change. CRISIL's review covered banking facilities totalling Rs. 350 Crores, which has been enhanced from the earlier Rs. 295.55 Crores. This indicates continued lender confidence in the company's creditworthiness and an increase in available credit lines. The original rating action and documents are available via the CRISIL Ratings link shared in the filing.
Positive for shareholders — the reaffirmed investment-grade ratings (A/Stable and A1) signal stable financial health, and the Rs. 54+ Crore increase in sanctioned banking facilities improves liquidity and growth funding capacity, though the rating itself was not upgraded.