Ginni Filaments Limited has informed the Exchange about Credit Rating- Revision
GINNIFILA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Ltd. has upgraded Ginni Filaments' credit ratings. The Long Term Bank Facilities rating was raised to BBB+ (Stable) from BBB- (Stable), with the facility amount reduced to ₹62.00 crore from ₹91.02 crore. The Short Term Bank Facilities rating was upgraded to A2 from A3, while the facility amount was increased to ₹20.00 crore from ₹18.00 crore. These upgrades reflect improved creditworthiness of the company. The revision was made under Regulation 30 of SEBI Listing Regulations and dated May 25, 2026.
Positive for shareholders as rating upgrades signal stronger financial health and improved ability to service debt. The company may find it easier and cheaper to raise funds from banks and markets.