Rbz Jewellers Limited has informed the Exchange about Credit Rating
RBZJEWEL · price
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RBZ Jewellers Limited has received a credit rating update from CRISIL Ratings for its bank loan facilities. The total bank loan facilities rated have been enhanced from Rs. 200 Crore to Rs. 300 Crore. The long-term rating has been reaffirmed at CRISIL BBB+, with the outlook revised upward from 'Stable' to 'Positive'. The short-term rating has been reaffirmed at CRISIL A2. Lenders include Axis Bank, IDFC First Bank, IDBI Bank, Bandhan Bank, ICICI Bank, Federal Bank, and Kotak Mahindra Bank, covering cash credit, term loans, working capital demand loans, and bank guarantees.
Positive development for shareholders — the upward revision in outlook from 'Stable' to 'Positive' signals improving creditworthiness, and the Rs. 100 Crore increase in sanctioned bank facilities (to Rs. 300 Crore) reflects stronger lender confidence, supporting the company's capacity to fund growth and working capital needs.