GHCL Limited has informed the Exchange about Credit Rating
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CARE Ratings has reaffirmed GHCL Limited's credit ratings for its bank facilities, keeping the long-term rating at CARE AA- with a Stable outlook and the short-term rating at CARE A1+. Total rated facilities stand at Rs. 910.65 crore, including Rs. 85.65 crore in long-term bank facilities (reduced from Rs. 154.04 crore) and Rs. 825 crore in combined long-term/short-term facilities. The reduction in long-term facilities is partly because GHCL fully repaid term loans from ICICI Bank and HDFC Bank, leading to withdrawal of those facilities. The review was based on the company's audited FY25 operational and financial performance.
The reaffirmation of AA-/Stable rating signals continued strong creditworthiness and financial discipline, which is neutral to slightly positive for shareholders. The full repayment of term loans to ICICI Bank and HDFC Bank reflects debt reduction, strengthening the balance sheet.