With reference to the above, we enclose rating update for your records
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings has downgraded the credit rating for Kovilpatti Lakshmi Roller Flour Mills across all its bank facilities totalling Rs. 91.00 crores. The ratings have been revised from CRISIL BBB/Negative to CRISIL BBB-/Stable. This downgrade reflects the rating agency's view that the company faces a moderation in its business risk profile due to declining operating margins and revenue estimated for fiscal 2026. The affected facilities include cash credit, overdraft, and various term loans. The company has stated that its operations remain normal and it continues to focus on strengthening its financial position.
The downgrade signals increased credit risk and could make future borrowing more expensive or difficult. While the company retains investment grade status, the negative outlook reflects concerns about deteriorating financial performance.