Rbz Jewellers Limited has informed the Exchange about Credit Rating
RBZJEWEL · price
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CRISIL Ratings has reaffirmed RBZ Jewellers Limited's credit ratings: long-term at CRISIL BBB+/Stable and short-term at CRISIL A2. Importantly, the total bank loan facilities rated have been enhanced from Rs. 150 Crore to Rs. 200 Crore, a 33% increase. The facilities include bank guarantees, cash credit lines with Axis Bank, Federal Bank, Bandhan Bank, and IDBI Bank, along with proposed fund-based limits. The stable outlook suggests CRISIL sees no immediate concerns about the company's ability to service its debt obligations.
This is a positive development for shareholders as it signals continued lender confidence in RBZ Jewellers and provides the company with greater access to working capital (Rs. 50 Crore additional facility). The reaffirmed investment-grade rating (BBB+) and stable outlook should support borrowing costs and operational expansion plans.