Rishabh Instruments Limited has informed the Exchange about Credit Rating- Others
RISHABH · price
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CRISIL Ratings has reaffirmed its credit ratings for Rishabh Instruments Limited's bank facilities worth Rs. 16.3 crore. The long-term rating stands at BBB+/Stable (investment grade) and the short-term rating at A2. The rated facilities include a Rs. 12 crore cash credit from State Bank of India (BBB+/Stable), Rs. 3 crore letter of credit and bank guarantee (A2), and a proposed Rs. 1.3 crore working capital facility. The 'Stable' outlook indicates CRISIL does not anticipate any near-term change to the rating. This is a routine annual rating letter valid till March 31, 2027.
The reaffirmed investment-grade ratings with stable outlook signal the company's continued ability to service its debt obligations. This is a neutral-to-positive development for shareholders, indicating financial stability and low credit risk.