Manaksia Steels Limited has informed the Exchange about Credit Rating
MANAKSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed the credit ratings on Manaksia Steels' bank facilities after reviewing FY25 audited performance. Long-term facilities of Rs. 45 crore retain CARE A-; Stable rating, while short-term facilities of Rs. 330 crore retain CARE A2+ rating. The total rated facilities amount to Rs. 375 crore across banks including IDBI, IndusInd, Axis, Yes, and HDFC. The outlook remains Stable, indicating no change in the agency's view of the company's creditworthiness.
No material impact on shareholders — the reaffirmation of investment-grade ratings (A-/A2+) with Stable outlook signals steady credit health and continuity in banking relationships. The stock is unlikely to see any rating-driven move since the action is neutral.