Marico Limited has informed the Exchange about Credit Rating
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Marico Limited has received a reaffirmation of its credit ratings from CRISIL Ratings Limited. The long-term bank loan facilities have been reaffirmed at CRISIL AAA with a Stable outlook, and the short-term bank loan facilities have been reaffirmed at CRISIL A1+. These are among the highest credit ratings available, indicating the strongest ability to meet financial obligations. The reaffirmation follows an earlier intimation dated April 26, 2024, suggesting consistent credit quality over the past year.
This is a positive signal for shareholders, as the highest-tier credit ratings reaffirm Marico's strong financial health and low default risk, which typically supports investor confidence and borrowing costs.