Hindustan Zinc Limited has informed the Exchange about Credit Rating
HINDZINC · price
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Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed Hindustan Zinc's credit ratings at CRISIL AAA (long-term) with a Stable outlook and CRISIL A1+ (short-term), the highest investment-grade levels. The reaffirmation came after CRISIL independently evaluated the recent short-seller report on HZL and found no reason to alter the ratings. CRISIL also noted that no lender or investor has shown any adverse reaction following the short-seller allegations. The AAA/Stable rating reflects CRISIL's continued confidence in HZL's business stability and financial performance.
This is a significant positive for shareholders as it dismisses concerns raised by the short-seller report and removes a major overhang on the stock. The highest investment-grade rating signals strong financial health, low borrowing costs, and continued institutional confidence.