SINGERIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Singer India Limited has informed BSE about the credit rating assigned by CRISIL to its bank loan facilities totaling Rs. 45 crore. The company received a long-term rating of CRISIL BBB-/Stable and a short-term rating of CRISIL A3. All five rated facilities are from YES Bank Limited, including cash credit (Rs. 20 crore), letter of credit/bank guarantee (Rs. 10 crore), packing credit in foreign currency (Rs. 2 crore), proposed fund-based limits (Rs. 8 crore), and working capital demand loan (Rs. 5 crore). Importantly, CRISIL's letter confirms this is the same rating that was outstanding during April 1-8, 2025, meaning this is a reaffirmation of the existing rating rather than a change. The rating letter is valid until March 31, 2026.
No material impact expected as the rating is unchanged from the previous assessment. The BBB-/Stable long-term rating reflects adequate financial health with stable outlook, while A3 short-term rating supports working capital needs. Shareholders should view this as routine confirmation of the company's credit standing.