Credit Rating for the Existing / Proposed Public Issue of Non-Convertible Debentures and Other Instruments etc.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sakthi Finance has received credit ratings from ICRA Limited for its debt instruments. A new rating of [ICRA]BBB(Stable) was assigned for a proposed public issue of Non-Convertible Debentures worth ₹156.50 crores. Existing ratings were reaffirmed at [ICRA]BBB(Stable) for existing NCDs (₹888.36 crores), fixed deposits, cash credit limits (₹100 crores), term loans (₹114.76 crores), and interchangeable facilities (₹66 crores). Short-term working capital demand loans of ₹100 crores were reaffirmed at [ICRA]A2. The outlook across all instruments remains Stable, indicating no change in the company's creditworthiness.
The reaffirmation of BBB(Stable) rating across all existing instruments suggests no change in credit quality, which is neutral for current investors. The new proposed NCD public issue of ₹156.50 crores will help the company raise fresh capital, potentially expanding its lending business.