Intimation regarding Credit Rating of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings has reaffirmed LGB Forge's credit ratings for Rs. 48 crore of bank facilities. The long-term rating remains at BBB-/Stable and the short-term rating at A3. Both ratings were previously assigned and have been maintained without any change. The rated facilities include letters of credit from ICICI, Axis, and IDBI banks totaling Rs. 13 crore, and working capital demand loans from the same banks totaling Rs. 22 crore, plus a long-term loan from Tata Capital of Rs. 13 crore. The BBB- rating is investment grade but on the lower end, while A3 is the lowest short-term investment grade rating.
The reaffirmation of ratings indicates stable creditworthiness with no immediate concerns from the rating agency. The company continues to have access to bank credit at existing terms, which is neutral to positive for investors.