Crisil assigns A+/Stable to Rs 1,415 Cr long-term bank facilities
JYOTICNC · price
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Crisil Ratings has assigned a credit rating of A+ with Stable outlook to Jyoti CNC Automation's long-term bank loan facilities worth Rs 1,415 crore. The agency also assigned a Crisil A1 rating to the company's short-term bank loan facilities. These are first-time ratings, meaning Crisil has rated these facilities for the first time. The A+/Stable rating signals a strong capacity to meet financial commitments with low credit risk, while A1 reflects strongest capacity for short-term obligations.
Investment-grade Crisil A+ rating signals strong creditworthiness, may help lower borrowing costs and improve lender confidence.