Sheela Foam Limited has informed the Exchange about Credit Rating
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings has revised the outlook on Sheela Foam Limited's long-term bank loan facilities from 'Stable' to 'Positive' while reaffirming the rating at 'CRISIL AA-'. The total rated bank facilities stand at Rs. 163.27 crore, comprising a Rs. 72 crore cash credit facility with Citibank and a Rs. 91.27 crore working capital demand loan with YES Bank. The rating reflects CRISIL's view on the company's strong debt servicing capacity and improved credit outlook. The company informed the exchanges about this rating revision on April 24, 2026.
The outlook revision to Positive from Stable is a positive signal for shareholders as it indicates CRISIL expects further improvement in the company's credit profile. The AA- rating remains among the highest investment-grade ratings, signaling strong financial health and reduced default risk for lenders.