Seshasayee Paper and Boards Limited has informed the Exchange about Credit Rating
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Seshasayee Paper and Boards has informed the exchanges that CRISIL Ratings has withdrawn its rating on the company's working capital facilities (both fund-based long-term and non-fund-based short-term). The withdrawal was made at the company's own request and with an NOC from its bankers. CRISIL uploaded the final withdrawal communication on 20 February 2026 without prior notice to the company. The company continues to hold ICRA ratings: ICRA AA- (Stable) on long-term bank facilities of Rs. 760 crore, and ICRA A1+ on short-term bank facilities of Rs. 97.60 crore.
This is largely a neutral housekeeping event. The company voluntarily requested the CRISIL withdrawal and retains a strong investment-grade rating from ICRA (AA-/Stable, A1+), which suggests no deterioration in credit quality. Investors should note that having only one rating agency may slightly reduce overall credit transparency.