Mstc Limited has informed the Exchange about Credit Rating
MSTCLTD · price
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Awaiting price reaction for this filing.
MSTC Limited announced that CARE Ratings has reaffirmed its credit ratings on the company's bank facilities with no change. Long-term bank facilities of Rs. 10 crore continue to carry a 'CARE BBB+; Stable' rating, while short-term bank facilities of Rs. 100 crore retain a 'CARE A2' rating. The total rated bank facilities stand at Rs. 110 crore. The rating action is based on the company's operational and financial performance for FY24 (audited) and 9MFY25 (unaudited). MSTC is a Government of India enterprise, which likely supports its credit profile.
Rating reaffirmation indicates stable creditworthiness and steady financial health, meaning no immediate change in borrowing costs or lender confidence. This is a neutral-to-slightly-positive signal for shareholders as it removes uncertainty around the company's debt profile.