Heritage Foods Limited has informed the Exchange about Credit Rating
HERITGFOOD · price
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Heritage Foods has shared its current credit ratings assigned by CRISIL Ratings for its total bank loan facilities of Rs 653.5 crore. The long-term rating stands at CRISIL AA-/Stable and the short-term rating is CRISIL A1+. These ratings cover facilities from Kotak Mahindra Bank, HDFC Bank, ICICI Bank, and Bank of Baroda, including cash credit, long-term loans, bank guarantees, and letters of credit. The rating certificate is dated March 31, 2026, and remains valid until March 31, 2027. The announcement is a routine regulatory disclosure and does not indicate any change in the company's credit profile from what was previously communicated.
The AA-/Stable rating reflects a strong capacity to meet financial commitments with low default risk, which is positive for shareholders. There is no immediate impact on the stock price as the ratings appear to be a continuation of existing assessments rather than a change.