Rishabh Instruments Limited has informed the Exchange about Credit Rating- Revision
RISHABH · price
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CRISIL has upgraded Rishabh Instruments' credit ratings on its Rs. 16.3 crore bank loan facilities. The long-term rating has been revised from 'CRISIL BBB/Stable' to 'CRISIL BBB+/Stable', while the short-term rating has been moved up from 'CRISIL A3+' to 'CRISIL A2'. The rated facilities include a Rs. 12 crore cash credit and Rs. 3 crore letter of credit/bank guarantee from SBI, plus a Rs. 1.3 crore proposed working capital facility. The upgrade reflects improved creditworthiness as assessed by CRISIL.
A rating upgrade signals stronger financial health and lower default risk, which is positive for shareholders. It may help the company secure future borrowings at better interest rates and improve lender confidence.