Heritage Foods Limited has informed the Exchange about Credit Rating- New
HERITGFOOD · price
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Heritage Foods Limited has received a credit rating upgrade from CRISIL Ratings, effective March 6, 2026. The long-term rating has been upgraded from CRISIL A+/Positive to CRISIL AA-/Stable, indicating improved creditworthiness. The short-term rating has been reaffirmed at CRISIL A1+, the highest short-term rating. Total bank loan facilities rated have been enhanced from Rs 503.5 Crore to Rs 653.5 Crore, a Rs 150 Crore increase, with facilities spread across Kotak Mahindra Bank, HDFC Bank, ICICI Bank, and Bank of Baroda covering cash credit, long-term loans, bank guarantees, and letters of credit.
Positive for shareholders — the upgrade to AA- reflects stronger financial health and lower borrowing risk, while the enhanced credit facility of Rs 150 Crore signals greater lender confidence and improved access to capital for growth.