This is to share that the Acuite Rating & Research Limited has Assigned and Upgraded the ratings of the Company. A copy of the letter dated 18th September, 2025 from Acuite Rating & Research ....
MAFATIND · price
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Acuite Rating & Research Ltd has assigned and upgraded the credit ratings of Mafatlal Industries' bank loan facilities. Long-term bank loans of Rs. 136 crore have been upgraded to ACUITE A- with Stable outlook, while short-term facilities of Rs. 187 crore have been upgraded to ACUITE A2+. Additionally, new ratings were assigned for Rs. 21 crore in long-term and Rs. 33 crore in short-term facilities at the same rating levels. The total outstanding rated quantum is Rs. 377 crore. The rating action reflects Acuite's improved assessment of the company's credit profile, with A- indicating adequate safety and low credit risk, and A2+ indicating strong capacity for timely short-term debt repayment.
This rating upgrade is a positive signal for shareholders, suggesting improved financial health and lower perceived credit risk, which could help the company raise debt at better terms in the future.