Euro India Fresh Foods Limited has informed the Exchange about Credit Rating- New
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Euro India Fresh Foods Limited has received a fresh credit rating from Infomerics Valuation and Ratings Ltd. for its bank facilities totalling Rs. 45 crore. Long-term facilities of Rs. 44.70 crore (including a proposed limit of Rs. 7.77 crore) have been rated IVR BB+ with a stable outlook, while a short-term bank facility of Rs. 0.30 crore has been rated IVR A4+. The facilities are availed from Surat People's Co-operative Bank Ltd. and include ECLGS, term loans, working capital term loans, and cash credit limits. This is an initial assignment of rating, not an upgrade or downgrade from a previous grade.
The IVR BB+ rating falls in the speculative (junk) category, indicating moderate default risk on long-term obligations. While the stable outlook is neutral, the sub-investment grade rating suggests higher borrowing costs and may limit the company's access to mainstream lenders going forward.