Safari Industries (India) Limited has informed the Exchange about Credit Rating
SAFARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Rating Limited has confirmed its credit rating on Safari Industries' bank facilities worth Rs. 150 crore. The long-term rating stands at CRISIL AA-/Stable while the short-term rating is CRISIL A1+. The rating confirmation covers fund-based facilities from IndusInd Bank (Rs. 25 crore), HDFC Bank (Rs. 33.6 crore), Axis Bank (Rs. 23.8 crore), and ICICI Bank (Rs. 40.1 crore), along with a non-fund based limit of Rs. 27.5 crore from Axis Bank. The 'Stable' outlook indicates no expected change in rating in the near term.
The confirmation of investment-grade ratings (AA- and A1+) reflects strong creditworthiness and stable financial health, which is positive for shareholders as it indicates lower borrowing costs and reliable debt servicing capability.