Revised Credit rating.
Price
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Awaiting price reaction for this filing.
Infomerics Valuation and Rating Ltd has downgraded Milkfood Ltd's credit ratings across all its bank facilities. The long-term rating was cut from IVR BBB/Negative to IVR BBB-/Negative on facilities worth Rs 78.90 crore from State Bank of India and Canara Bank. The short-term rating was lowered from IVR A3+ to IVR A3 on existing facilities of Rs 15.50 crore and proposed facilities of Rs 5.60 crore, taking the total rated bank facilities to Rs 100 crore. The Negative outlook has been retained, meaning further downgrade is possible. The revision was based on the company's operational and financial performance for Q1FY26.
Negative for shareholders — the downgrade signals a weakening credit profile and may push up the company's future borrowing costs. With the rating now at the lowest investment-grade level (BBB-) and a negative outlook, investors should brace for potential further rating action if Q1FY26 performance does not improve.