Mangal Credit and Fincorp Limited has informed the Exchange about Credit Rating
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Mangal Credit and Fincorp has informed the exchanges that CRISIL Ratings has reaffirmed its credit rating on the company's bank loan facilities and non-convertible debentures at 'CRISIL BBB / Stable'. The total bank loan facility has been enhanced from ₹200 crore to ₹400 crore, doubling the company's sanctioned borrowing limit. The NCD rating of ₹50 crore has also been reaffirmed at the same level. The Stable outlook indicates CRISIL does not expect any near-term change in the company's credit profile.
This is a positive signal for shareholders — while the rating itself is unchanged, the doubling of the bank loan facility suggests lenders are comfortable extending more credit to the company, which supports future business growth and liquidity. The BBB rating with Stable outlook reflects moderate creditworthiness and steady financial health.