LG Balakrishnan & Bros Limited has informed the Exchange about Credit Rating
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ICRA Limited has reaffirmed the credit ratings for LG Balakrishnan & Bros Limited's debt instruments as of July 17, 2025. The company's Fixed Deposit programme of Rs. 40 crore and Long Term Fund-Based Cash Credit of Rs. 200 crore retain the [ICRA]AA(Stable) rating, with the cash credit limit also being assigned a rating for an enhanced amount. The Short Term Non-Fund Based facilities of Rs. 100 crore continue to carry the [ICRA]A1+ rating. The fund-based working capital ratings of Rs. 200 crore are spread across eight banks including HDFC Bank, ICICI Bank, HSBC, Axis Bank, and Bank of Baroda, while non-fund based limits of Rs. 100 crore are similarly distributed. AA(Stable) is a high investment-grade rating, indicating strong debt-servicing capability.
Reaffirmation of the AA(Stable) rating with a stable outlook signals continued financial strength and low credit risk for lenders and fixed deposit holders. The enhanced cash credit limit also suggests the company has secured additional borrowing capacity, which is mildly positive for operational flexibility.