GSP Crop Science Limited has informed the Exchange about Credit Rating- Revision
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ICRA has upgraded GSP Crop Science's credit ratings across all its bank facilities totaling Rs. 516.16 Crore. The long-term rating has been revised upward from ICRA A (Stable) to ICRA A+ (Stable), while the short-term rating has been upgraded from ICRA A2+ to ICRA A1. The upgrade covers fund-based and non-fund-based limits from multiple lenders including SBI, HDFC Bank, Axis Bank, IDFC First Bank, Citibank, IndusInd Bank, Bajaj Finance, Shinhan Bank, Tata Capital, and YES Bank. The rating action was taken on April 24, 2026, and communicated to the exchange on April 29, 2026. A+ with Stable outlook indicates strong creditworthiness and adequate financial profile.
This rating upgrade signals improved financial health and credit profile, which should help the company access funds at lower interest rates. For shareholders, this is a positive development that reflects growing lender confidence in the business.