CARE reaffirms HMA Agro ratings; bank facilities enhanced to Rs 1,750 cr
HMAAGRO · price
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 3.2 pts more than its Meat Products including Poultry peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CARE Ratings has reaffirmed HMA Agro's credit ratings at CARE A- with Stable outlook for long term and CARE A2+ for short term facilities. The review follows the enhancement of bank facilities from Rs 1,231 crore to Rs 1,731 crore (long/short term), plus Rs 19 crore short term, taking total to Rs 1,750 crore. Key lenders include SBI, Yes Bank, Canara Bank, and HDFC Bank.
Rating reaffirmed at investment grade A- with Stable outlook shows steady credit profile. Enhanced borrowing limit of Rs 1,750 cr supports business growth.