Isgec Heavy Engineering Limited has informed the Exchange about Credit Rating
ISGEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has reaffirmed the credit ratings for Isgec Heavy Engineering's wholly-owned subsidiary, Saraswati Sugar Mills Limited, for a total credit facility of Rs. 401.65 crores. The long-term fund-based facilities (cash credit of Rs. 336.65 cr and term loan of Rs. 60 cr) have been reaffirmed at [ICRA]A(Stable), and the short-term non-fund based facility of Rs. 5 cr has been reaffirmed at [ICRA]A1. The company explicitly stated that there is no change in the credit rating compared to the previous rating assigned on October 4, 2024.
This is a neutral event for shareholders. The reaffirmation of ratings by ICRA at [ICRA]A (Stable) and [ICRA]A1 indicates stable creditworthiness and continued lender confidence in the subsidiary's debt servicing ability, with no change in borrowing cost expectations.