India Shelter Finance Corporation Limited has informed the Exchange about Credit Rating
INDIASHLTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Shelter Finance Corporation has received a credit rating action from India Ratings and Research (Ind-Ra) on its bank loan facilities. Two facilities, each worth Rs. 1,000 crore (Rs. 10,000 million), have been rated IND AA- with a Stable outlook. One of these facilities is an existing one whose rating has been reaffirmed, while the other is a new bank loan facility that has been assigned this rating.
The IND AA- rating with Stable outlook signals strong creditworthiness and financial stability, which is positive for shareholders. The new Rs. 1,000 crore facility assignment suggests the company is expanding its borrowing capacity to support business growth.