Precot Limited has informed the Exchange about Credit Rating- Revision
PRECOT · price
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India Ratings has upgraded Precot Limited's credit ratings across all its bank facilities. Long-term facilities (term loans and fund-based working capital) moved up from IND BBB+/Stable to IND A-/Stable, while short-term non-fund-based working capital limits were upgraded from IND A2 to IND A2+. The total rated bank loan facilities stand at INR 4,720.4 million (reduced from INR 4,992.7 million) with an additional INR 889.6 million newly assigned. The outlook remains Stable. Major lenders include State Bank of India, Union Bank of India, HDFC Bank, IDBI Bank, and Indian Overseas Bank.
This upgrade signals improved creditworthiness and lower borrowing risk, which may help Precot secure loans at better interest rates going forward. Positive for shareholder confidence in the company's financial health.