Jamna Auto Industries Limited has informed the Exchange about Credit Rating- Revision
JAMNAAUTO · price
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Jamna Auto Industries informed the exchange that CARE Ratings has reviewed and assigned credit ratings to its bank facilities. The company's existing long-term bank facility of Rs 90 crore was reaffirmed at 'CARE AA; Stable', indicating no change in credit quality. Additionally, a long-term/short-term bank facility of Rs 460 crore received a new rating assignment of 'CARE AA; Stable / CARE A1+', suggesting a fresh credit line being put in place. Both ratings fall in the high investment-grade category, with A1+ representing the highest short-term rating. The total rated facilities amount to Rs 550 crore.
Positive for shareholders — the reaffirmation of AA rating on existing debt and assignment of a top-tier rating on a new Rs 460 crore facility signal strong financial health, low default risk, and continued lender confidence, which can support borrowing costs and investor sentiment.