H.G. Infra Engineering Limited has informed the Exchange about Credit Rating
HGINFRA · 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 reaffirmed H.G. Infra Engineering's long-term credit rating at [ICRA]AA- with a 'Positive' outlook for its existing fund-based and non-fund-based bank facilities (cash credit of Rs. 700 Cr and bank guarantees of Rs. 3,800 Cr). ICRA has also assigned a fresh [ICRA]AA- (Positive) rating to a new Non-Convertible Debenture (NCD) facility of Rs. 400 Cr. The company's total rated facilities have increased from Rs. 3,000 Cr to Rs. 4,500 Cr, reflecting enhanced credit profile and expanded borrowing capacity.
Positive for shareholders — the reaffirmed AA- rating with a 'Positive' outlook signals strong creditworthiness and potential for future upgrade, while the new NCD facility provides additional low-cost funding headroom for the company's growth plans.