Modi Naturals Limited has informed the Exchange about Credit Rating
MODINATUR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modi Naturals Limited has received a credit rating upgrade from Infomerics Valuation and Ratings. The long-term rating has been upgraded to IVR BBB/Stable and the short-term rating has been upgraded to IVR A3+. The total rated bank loan facilities amount to Rs. 65.00 crore, comprising Rs. 55.00 crore in Cash Credit (long-term) and Rs. 10.00 crore in Letter of Credit/Bank Guarantee (short-term) from State Bank of India. The rating upgrade reflects the company's improved operational and financial performance for FY25 and 9MFY26. The rating is valid until April 27, 2027.
The rating upgrade signals improved creditworthiness and financial health of Modi Naturals, which is positive for existing lenders and investors. This could potentially lower borrowing costs and improve the company's standing with financial institutions.