Godrej Agrovet Limited has informed the Exchange about Credit Rating
GODREJAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA Limited has re-affirmed Godrej Agrovet's credit ratings on July 9, 2025. The long-term rating stands at [ICRA]AA with a Stable outlook for Rs. 20 crore bank facilities. Short-term rating of [ICRA]A1+ was reaffirmed for Rs. 425 crore bank limits and Rs. 296.20 crore cash credit limits. Additionally, the Commercial Paper programme rating of [ICRA]A1+ was assigned to an enhanced limit of Rs. 1,500 crore, up from Rs. 1,200 crore earlier. Both AA and A1+ ratings indicate high credit quality and strong ability to meet financial commitments.
The re-affirmation of high-grade ratings with a Stable outlook signals continued strong financial health and creditworthiness, which is positive for shareholders. The Rs. 300 crore increase in the Commercial Paper programme also enhances the company's short-term borrowing capacity, providing greater financial flexibility.