Submission of Credit Rating of Company
FOODSIN · price
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Foods & Inns Ltd received a credit rating review from CRISIL Ratings for its bank facilities worth Rs. 321.96 crore. The long-term rating was reaffirmed at CRISIL BBB/Stable and the short-term rating at CRISIL A3+. The ratings apply across multiple banking relationships including Union Bank of India, State Bank of India, HDFC Bank, and Bank of Maharashtra covering cash credit, export packing credit, packing credit, term loans, and letter of credit facilities. CRISIL stated the ratings remain under continuous surveillance but no change was made at this review.
The reaffirmation of ratings indicates stable credit health with no immediate concerns about debt servicing ability. The BBB/Stable rating suggests moderate credit risk, and this routine review should not materially impact the stock.