Reaffirmation of Credit Rating by CRISIL
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CRISIL Ratings has reaffirmed its credit ratings on LGB Forge Limited's bank facilities worth Rs. 48 crore. The long-term rating stands at Crisil BBB-/Stable and the short-term rating at Crisil A3, both unchanged. Facilities include letter of credit limits (Rs. 13 crore) from ICICI, Axis and IDBI banks, a long-term loan (Rs. 13 crore) from Tata Capital, and working capital demand loans (Rs. 22 crore) from ICICI, Axis and IDBI banks. The rating communication is dated October 14, 2025 and the letter remains valid until March 31, 2026.
A reaffirmation signals continuity in the company's creditworthiness with no change in lenders' risk perception. It is neutral for shareholders, indicating stable borrowing capacity but no improvement in credit profile.