Rupa & Company Limited has informed the Exchange about Credit Rating
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Rupa & Company Limited announced that CRISIL Ratings has reaffirmed its credit ratings on the company's bank loan facilities. The long-term rating of CRISIL AA-/Stable stands unchanged for bank loan facilities of Rs. 365 crore. The short-term rating of CRISIL A1+ has also been reaffirmed, along with the CRISIL A1+ rating on Rs. 180 crore in commercial paper. All ratings remain unchanged, with the long-term outlook continuing to be Stable.
The reaffirmation of strong AA-/Stable long-term and A1+ short-term ratings signals continued financial health and low credit risk, which is positive for shareholders and lenders. This typically means borrowing costs remain stable and investor confidence in the company is maintained.