Mangalam Worldwide Limited has informed the Exchange about Credit Rating
MWL · price
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Mangalam Worldwide Limited has received credit rating actions from Acuite Ratings & Research. Existing bank loan ratings have been reaffirmed: long-term rating of ACUITE A- (Stable) on Rs. 206 Cr and short-term rating of ACUITE A2+ on Rs. 45 Cr, covering total bank facilities of Rs. 251 Cr across lenders including SBI, Canara Bank, Punjab National Bank, and Indian Bank. Additionally, the company has been assigned a provisional rating of ACUITE A+ (Stable) for proposed Non-Convertible Debentures (NCDs) worth Rs. 100 Cr. The NCD rating of A+ is one notch higher than the existing A- bank loan rating, suggesting the agency views the company's credit profile as supportive of a stronger grade on new debt. The rating letters were issued on March 2, 2026.
The reaffirmation of bank loan ratings signals stable creditworthiness with no deterioration, while the higher A+ provisional rating on new NCDs indicates the company's debt-raising capacity remains strong, which is mildly positive for shareholders and supports future fundraising plans at competitive rates.