Infomerics assigns IVR B+/Stable rating to Rs 40 Cr bank facilities

Infomerics has assigned a credit rating of IVR B+ with Stable outlook to Birla Cotsyn's long-term bank facilities totaling Rs 40 crore. This includes a Rs 30 crore term loan from Punjab National Bank (maturing March 2032) and a Rs 10 crore cash credit facility. The rating is an initial assignment, valid for one year from March 31, 2026. On Infomerics' scale, IVR B+ indicates high risk of default regarding timely servicing of financial obligations.