Announcement under Regulation 30 (LODR)-Credit Rating
HALDYNGL · price
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Awaiting price reaction for this filing.
CARE Ratings has re-affirmed the credit ratings on Haldyn Glass Ltd's bank facilities. The long-term bank facilities of Rs. 168 crore (reduced from Rs. 178.25 crore) carry a CARE A- rating with a Stable outlook, while short-term facilities of Rs. 14 crore carry a CARE A2 rating. Both ratings have been re-affirmed at existing levels. Additionally, one short-term facility has been withdrawn (reduced to zero).
Re-affirmation at investment-grade levels (CARE A-/Stable) signals continued creditworthiness and stability, supportive for shareholders. The reduction in long-term facility size from Rs. 178.25 crore to Rs. 168 crore and the withdrawal of one short-term facility indicate the company has prepaid/closed some debt, modestly improving its leverage profile.