Samvardhana Motherson International Limited has informed the Exchange about Credit Rating
MOTHERSON · price
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ICRA Limited has reaffirmed its highest investment-grade ratings for Samvardhana Motherson, including [ICRA]AAA (Stable) for Issuer Rating and Non-Convertible Debentures, and [ICRA]A1+ for the Commercial Paper Programme of Rs. 750 Crore. Additionally, ICRA assigned [ICRA]AAA (Stable) ratings to new long-term bank facilities, including a Rs. 2,000 Crore term loan, Rs. 100 Crore working capital demand loan, and Rs. 75 Crore in bank guarantee/letter of credit lines, along with [ICRA]A1+ for Rs. 425 Crore in short-term facilities. The total rated amount has increased from Rs. 3,250 Crore to Rs. 5,850 Crore, reflecting expanded credit access. The Stable outlook indicates ICRA's view that the company's credit profile remains unchanged in the near term.
Positive for shareholders — reaffirmation at the highest AAA/Stable rating signals strong financial health and low default risk, while the Rs. 2,600 Crore increase in rated facilities indicates enhanced borrowing capacity to support growth or refinancing needs.