SGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has converted its provisional credit rating to final for SG Finserve's Rs. 150 crore bank loan facilities, retaining the rating at [ICRA]AA(CE) with a Stable outlook. The total long-term fund-based and non-fund-based bank facilities stand at Rs. 500 crore, with the balance reaffirmed at the same rating. The Rs. 150 crore is split equally between Federal Bank (Rs. 75 crore) and Bandhan Bank (Rs. 75 crore). The AA(CE) rating indicates a high degree of safety in timely servicing of financial obligations and very low credit risk.
This is a procedural confirmation that locks in a strong investment-grade rating for the company's bank borrowings, signalling continued lender confidence. It is largely neutral for shareholders but removes any uncertainty around the provisional rating status.