Shakti Pumps (India) Limited has informed the Exchange about Upgradation in Credit Rating.
SHAKTIPUMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shakti Pumps (India) Limited has received a credit rating upgrade from India Ratings & Research across multiple bank facilities, based on the company's recent operational and financial performance. The upgraded rating stands at IND AA-/Stable for long-term facilities and IND A1+ for short-term facilities. The upgrade covers fund-based limits of ₹2,800 million, non-fund-based limits of ₹3,585 million, and proposed working capital limits of ₹1,090.7 million. Additionally, fresh ratings were assigned for new facilities aggregating over ₹5,600 million across fund-based, non-fund-based, and working capital categories. The company also fully repaid a term loan of ₹24.3 million, leading to its rating being withdrawn.
The rating upgrade signals improved financial health and stronger creditworthiness, which is positive for shareholders. It also enables the company to access larger and potentially cheaper credit facilities to support its growth plans.