Mawana Sugars Limited has informed the Exchange about Credit Rating
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Mawana Sugars has informed the exchanges that ICRA Limited has reaffirmed its credit rating at [ICRA] BBB+ (Stable) for long-term and [ICRA] A2 for short-term fund-based facilities. The total rated amount is Rs. 500 crore, covering working capital facilities. Separately, a Rs. 500 crore term loan facility from The Uttar Pradesh Cooperative Bank Limited was assigned the same BBB+ (Stable)/A2 rating on March 27, 2026. The rating was reaffirmed and assigned for an enhanced amount, indicating the company's existing credit lines were expanded. BBB+ is an investment-grade rating, suggesting ICRA sees adequate financial health and stable near-term outlook.
Positive for shareholders — the reaffirmation of investment-grade rating with stable outlook signals continued lender confidence and no deterioration in credit quality. The enhanced facility amount also suggests improved access to working capital, which is supportive for the sugar business's seasonal funding needs.