Ircon International Limited has informed the Exchange about Credit Rating
IRCON · price
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Infomerics Valuation and Rating Limited has reaffirmed the credit rating for IRCON's bank facilities. The long-term bank facilities of Rs. 1,000.03 crore (increased from Rs. 0.02 crore) carry IVR AAA/Stable outlook, and the combined long-term/short-term bank facilities of Rs. 8,549.97 crore (reduced from Rs. 8,999.98 crore) carry IVR AAA/Stable and IVR A1+ ratings. Total rated bank facilities stand at Rs. 9,550 crore. The previous ratings remain unchanged, indicating continued strong creditworthiness of the company.
Reaffirmation of the highest AAA rating with stable outlook signals strong financial health and low default risk, which is positive for shareholders and lenders. No impact on stock price is expected as this is essentially a status update.