CRISIL Credit Rating confirmation on Bank Loan
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SG Finserve has informed BSE that CRISIL has confirmed the credit rating on its Rs. 1,000 crore bank loan facilities. The rating has been converted from Provisional to Final with the same rating of 'Crisil AA (CE) / Positive' and the balance facilities have been reaffirmed at the same level. The Rs. 1,000 crore is spread across six lenders including HDFC Bank (Rs. 400 crore), ICICI Bank (Rs. 150 crore), Bank of Baroda (Rs. 125 crore), Axis Bank (Rs. 100 crore), Union Bank of India (Rs. 100 crore), and Aditya Birla Finance (Rs. 40 crore), mainly as Working Capital Demand Loans and a Term Loan. The outlook remains Positive, and the provisional-to-final conversion indicates that conditions such as executed guarantee deed and loan agreement have been completed to CRISIL's satisfaction.
The retention of the AA rating with a Positive outlook and successful conversion of the Rs. 1,000 crore facility from provisional to final reflects strong creditworthiness and smooth access to institutional funding. This is a positive development for shareholders, signalling low default risk and continued lender confidence, with no direct impact on stock price expected from this purely credit-related update.