Indraprastha Medical Corporation Limited has informed the Exchange about Credit Rating
INDRAMEDCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has reaffirmed Indraprastha Medical Corporation's credit ratings with a stable outlook. The long-term rating of [ICRA]AA(Stable) applies to Rs. 92.50 crore term loans and Rs. 40 crore cash credit facilities. The short-term rating of [ICRA]A1+ applies to Rs. 30 crore non-fund based facilities. The total rated amount is Rs. 162.50 crore across multiple banks including ICICI Bank, Punjab National Bank, and HDFC Bank. The reaffirmation indicates no change in the company's creditworthiness since the previous rating.
The AA(Stable) rating reflects strong financial health and low credit risk, which is positive for shareholders as it indicates the company's ability to service debt obligations. Stable outlook suggests ratings are unlikely to change in the near term.