Gujarat Mineral Development Corporation Limited has informed the Exchange about Credit Rating
GMDCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Edge Ratings has reaffirmed the credit ratings of GMDC's bank facilities. The long term/short term bank facilities of Rs 3,995 crore (enhanced marginally from Rs 3,993 crore) have been reaffirmed at CARE AA+; Stable / CARE A1+. The short term bank facilities of Rs 5 crore (reduced from Rs 7 crore) have been reaffirmed at CARE A1+. The review was based on the company's FY25 audited and Q1FY26 unaudited operational and financial performance.
The reaffirmation of the high AA+ rating with a stable outlook signals continued strong creditworthiness and financial health, which is neutral to mildly positive for shareholders. The marginal enhancement in long term facility size and reduction in short term exposure suggest routine treasury management with no change in risk profile.