Exxaro Tiles Limited has informed the Exchange about Credit Rating- New
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Exxaro Tiles has received fresh credit ratings from Infomerics Valuation and Rating Limited, replacing its earlier ratings from CRISIL. For long-term and short-term fund-based bank facilities of Rs. 97.49 crore, the rating has moved up from CRISIL BB+/Stable to IVR BBB-/Stable. For short-term non-fund-based bank facilities of Rs. 16.48 crore, it has improved from CRISIL A4+ to IVR A3. Total facilities rated stand at Rs. 113.97 crore. The company was informed of the new ratings on 2nd March 2026.
This is a positive development for shareholders — the upgrade in both long-term and short-term ratings signals improved creditworthiness and may help the company negotiate better borrowing terms with banks.