Filatex India Limited has informed the Exchange about Credit Rating
FILATEX · price
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India Ratings & Research Private Limited has reaffirmed the credit ratings on Filatex India's bank facilities. The ratings include IND AA-/Stable for INR 1,480 million and INR 6,500 million of fund-based and non-fund based working capital facilities respectively, along with IND A1+ for INR 2,000 million of non-fund based facilities. The total rated facilities amount to INR 9,980 million. The 'Stable' outlook indicates no expectation of rating changes in the near term, and the 'AA-' rating reflects strong creditworthiness. All ratings were reaffirmed without any change.
The reaffirmation of investment-grade ratings with stable outlook signals the company's continued financial stability and ability to service debt, which is positive for lenders and investors.