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CRISIL Ratings Limited has reaffirmed Kaka Industries Ltd's Long Term Rating at CRISIL BBB/Stable. The total bank loan facilities rated have been enhanced from Rs. 60 Crore to Rs. 96.7 Crore. The rating applies across multiple banking relationships including Standard Chartered Bank, State Bank of India, SIDBI, and Tata Capital. All individual facilities across cash credit and term loans carry the same BBB/Stable rating. This is a routine surveillance review by CRISIL with no change in credit opinion.
The reaffirmation of investment-grade BBB rating with stable outlook signals continued creditworthiness. The increase in rated facilities to Rs. 96.7 Crore indicates the company has expanded its banking relationships or borrowing base. Shareholders can view this as a positive signal regarding the company's debt servicing capability.