Euro Panel Products Limited has informed the Exchange about Credit Rating- Revision
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Awaiting price reaction for this filing.
Euro Panel Products Limited has received revised credit ratings from CARE Ratings for its bank facilities. Long-term bank facilities of Rs. 26.61 crore have been assigned CARE BBB+ with a Stable outlook. Long-term/short-term bank facilities of Rs. 133.39 crore have been assigned CARE BBB+/CARE A3+ with a Stable outlook. The company describes these as upgraded ratings. Total rated facilities amount to Rs. 160 crore. CARE BBB+ is an investment-grade rating indicating adequate financial health and capacity to meet obligations.
Positive signal for shareholders — upgraded investment-grade credit rating with stable outlook reflects improved creditworthiness, which may help the company secure future borrowings at better interest rates.