Iris Business Services Limited has informed the Exchange about Credit Rating
IRIS · price
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ICRA has upgraded IRIS Business Services' long-term rating to [ICRA]BBB (Stable) from [ICRA]BBB-, and its short-term rating to [ICRA]A3+ from [ICRA]A3. The ratings apply to bank facilities worth Rs. 18.08 crores with ICICI Bank, comprising Rs. 11.08 crore in cash credit and Rs. 7 crore in non-fund based limits and forward contracts. The outlook on the long-term rating is Stable. The upgrade reflects improved creditworthiness as assessed by the rating agency on July 1, 2025.
This is a positive signal for shareholders, as the rating upgrade indicates stronger financial health and may lower the company's future borrowing costs. A stable outlook on a higher rating tier typically supports investor confidence.