Intimation in respect of Reaffirmation of the Credit Rating by CRISIL.
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CRISIL has reaffirmed the credit ratings of Parmeshwar Metal Limited for its bank loan facilities. The Long Term Rating stands at CRISIL BBB-/Stable and the Short Term Rating at CRISIL A3. Total bank loan facilities rated have been enhanced from Rs. 28.12 Crore to Rs. 69 Crore, with State Bank of India as the lender across cash credit, bank guarantee, and standby letter of credit facilities. The outlook remains Stable, indicating CRISIL's continued confidence in the company's ability to meet debt obligations. The rating letter is valid till March 31, 2026.
The reaffirmation of ratings (without upgrade or downgrade) signals stable creditworthiness for shareholders. The significant enhancement of bank loan facilities from Rs. 28.12 Crore to Rs. 69 Crore indicates expanded borrowing capacity, which could support business growth but also raises future debt servicing obligations.