Madhya Bharat Agro Products Limited has informed the Exchange about Credit Rating- Others
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Awaiting price reaction for this filing.
Madhya Bharat Agro Products has informed the exchange that CRISIL Ratings has reaffirmed its credit ratings on the company's bank facilities. The long-term rating stands at CRISIL A/Stable and the short-term rating at CRISIL A1, both reaffirmed. Total bank facilities rated have been enhanced from Rs.645 Crore to Rs.885 Crore. The facilities span cash credit, letter of credit, term loans, and loan equivalent risk limits across banks like HDFC, SBI, YES Bank, Axis Bank, and Federal Bank. A reaffirmation means the rating agency sees no change in the company's creditworthiness.
Neutral to slightly positive — the rating reaffirmation at A/Stable confirms steady credit quality, while the higher facility size of Rs.885 Crore (up Rs.240 Crore) signals improved access to bank funding for growth or working capital needs.