Kotyark Industries Limited has informed the Exchange about Credit Rating
KOTYARK · price
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Awaiting price reaction for this filing.
Kotyark Industries has received its credit rating from India Ratings and Research, communicated via email on July 3, 2025. The company was assigned IND BBB with Stable outlook for fund-based working capital limits of Rs 765 million and a term loan of Rs 175 million. Non-fund-based working capital limits of Rs 60 million received IND A3 rating. The total facilities being rated amount to Rs 1,000 million (Rs 100 crore). This appears to be the company's first formal credit rating, as all ratings carry an 'Assigned' action rather than an upgrade or downgrade.
The investment-grade BBB rating with Stable outlook should help the company access credit at reasonable rates. Shareholders should view this positively as it indicates the company is formalising its borrowing profile, though the mid-investment-grade rating suggests moderate financial strength.