Nelcast Limited has informed the Exchange about Credit Rating
NELCAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has reaffirmed Nelcast Limited's long-term rating at [ICRA]A and short-term rating at [ICRA]A1. The outlook has been revised from Stable to Positive, signalling expected improvement in the company's credit profile. Long-term fund-based limits have been enhanced from Rs. 280 crore to Rs. 315 crore, while sub-limits also rose from Rs. 180 crore to Rs. 215 crore, indicating greater lender confidence. The total rated amount remains unchanged at Rs. 600 crore.
Positive for shareholders — a revised outlook to Positive, combined with enhanced credit limits, points to improving financial health and potentially better borrowing terms going forward.