SCANSTL · price
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Awaiting price reaction for this filing.
Scan Steels Ltd has been informed by CRISIL Ratings that its credit ratings have been reaffirmed under a review of its bank loan facilities. The total bank facilities rated stand at Rs. 133 crore, with the long-term facility rated CRISIL BBB+/Stable and the short-term facility rated CRISIL A2+. The ratings cover cash credit limits from Punjab National Bank (Rs. 50 crore) and State Bank of India (Rs. 70 crore), a proposed term loan of Rs. 9 crore, and a bank guarantee of Rs. 4 crore from SBI. The rating action was taken on July 16, 2025, and the letter remains valid till March 31, 2026.
The ratings were simply reaffirmed, not changed, meaning there is no positive or negative impact on the stock from a credit quality standpoint. The BBB+/Stable rating indicates adequate financial health and timely debt-servicing capacity, which should reassure lenders and investors.