Shivalik Bimetal Controls Limited has informed the Exchange about Credit Rating
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Shivalik Bimetal Controls Limited has informed the exchanges that CRISIL has reaffirmed its credit ratings on bank facilities worth Rs. 115 crore. The long-term rating stands at CRISIL A with a Stable outlook, and the short-term rating is CRISIL A1, both unchanged. CRISIL A indicates high safety on long-term debt, while A1 is the top grade for short-term obligations, reflecting strong repayment capacity.
The reaffirmation signals continued financial stability and unchanged creditworthiness, which is neutral to mildly positive for shareholders as borrowing costs are likely to remain stable.