Lloyds Metals And Energy Limited has informed the Exchange about Credit Rating
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lloyds Metals and Energy Limited has received credit ratings from both India Ratings and Crisil for its debt instruments. India Ratings affirmed the issuer rating at IND AA/Stable and assigned IND AA/Stable to proposed bonds of Rs 2,500 crore and a term loan of Rs 1,000 crore. Crisil assigned Crisil AA/Stable to Non-Convertible Debentures of Rs 2,500 crore and bank loan facilities of Rs 1,000 crore (Rs 750 crore from ICICI Bank and Rs 250 crore from Axis Bank). Both agencies rated the company AA with a Stable outlook, indicating a high degree of safety regarding timely servicing of financial obligations.
The AA/Stable rating from two major agencies signals strong creditworthiness and low default risk, which should help the company raise new debt at competitive rates. Shareholders can view this positively as it supports the company's growth funding plans through new bonds and term loans totaling around Rs 4,000 crore.