Interarch Building Solutions Limited has informed the Exchange about Credit Rating
INTERARCH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings has reaffirmed the credit ratings for Interarch Building Solutions Limited's bank facilities. The long-term rating remains at CRISIL A/Stable and short-term rating at CRISIL A1. The total rated bank loan facilities have been enhanced from Rs.495 Crore to Rs.600 Crore. The bank-wise facilities include Bank Guarantees, Cash Credit, and Letter of Credit arrangements with multiple banks including HDFC Bank, IDFC FIRST Bank, IndusInd Bank, Kotak Mahindra Bank, YES Bank, ICICI Bank, and CSB Bank. The reaffirmation indicates CRISIL's view that the company's creditworthiness remains stable.
The reaffirmation of investment-grade ratings is a positive signal for shareholders, indicating stable financial health and timely debt servicing capability. The increase in rated facility size suggests the company's banking relationships remain strong and it has capacity to support its working capital needs.