Maan Aluminium Limited has informed the Exchange about Credit Rating
MAANALU · price
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Awaiting price reaction for this filing.
Maan Aluminium has informed the exchanges that ICRA completed its periodic credit rating review, triggered by the US doubling import tariffs on steel and aluminium products from 25% to 50%, effective June 4, 2025. After review, ICRA found no impact on the company's existing credit ratings. The long-term fund-based cash credit rating remains BBB+ with a Stable outlook, and the short-term bill discounting facility retains its A2 rating. Both ratings are reaffirmed as 'outstanding' with no revision.
Reassuring for shareholders and lenders — the US tariff hike has not affected the company's creditworthiness, and ratings have been maintained at investment-grade levels (BBB+ Stable and A2). This signals business resilience but is largely a neutral event for stock price since no upgrade or downgrade occurred.