Maithan Alloys Limited has informed the Exchange about Credit Rating- Revision
MAITHANALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Maithan Alloys has informed the exchanges that CRISIL has revised its long-term bank facility rating from CRISIL AA/Stable to CRISIL AA/Negative, while reaffirming the CRISIL A1+ rating for short-term bank facilities. The revision affects Rs. 600 crore in total bank facilities, including cash credit limits (Rs. 90 crore) and a proposed long-term balloon loan facility (Rs. 56.5 crore) that now carry the AA/Negative tag. Short-term instruments such as bank guarantees (Rs. 50 crore), letter of credit facilities (Rs. 390 crore), and fund-based limits (Rs. 3.5 crore) continue to hold the top-tier CRISIL A1+ rating. The Negative outlook on the long-term rating signals that CRISIL sees risk of further rating pressure if financial metrics do not improve.
The outlook revision from Stable to Negative on the long-term rating may lead to slightly higher borrowing costs on future long-term loans and is a cautious signal for investors, though the company remains solidly in the AA investment-grade bracket and short-term borrowing costs are unaffected.