The Credit Ratings assigned by CARE Ratings Limited is attached.
RAJPALAYAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajapalayam Mills has obtained fresh credit ratings from CARE Ratings for its bank facilities totaling ₹1,569.75 crore. Long-term bank facilities of ₹660.85 crore were rated CARE A with Stable outlook, while long-term/short-term facilities of ₹857.90 crore received CARE A; Stable/CARE A2+. Short-term facilities of ₹51 crore were rated CARE A2+. The CARE A rating indicates adequate safety for long-term obligations, and the Stable outlook suggests CARE expects the rating to remain unchanged in the near term.
This is a routine credit rating disclosure confirming the company maintains a solid investment-grade rating on its debt. There is no explicit comparison to a previous rating, so this is neutral to mildly positive for shareholders, reflecting steady creditworthiness.