Somany Ceramics Limited has informed the Exchange about Credit Rating
SOMANYCERA · price
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CRISIL Ratings Limited reviewed and continued the existing credit ratings for Somany Ceramics' debt instruments and bank facilities. The long-term rating remains at CRISIL AA-/Stable while the short-term rating stays at CRISIL A1+. The total rated bank loan facilities amount to Rs. 425 crore, covering cash credit limits and letters of credit across multiple banks including Kotak Mahindra, ICICI, HDFC, and Punjab National Bank. The ratings are kept under continuous surveillance by CRISIL.
The continuation of ratings at AA-/Stable and A1+ signals stable credit health, which is positive for investors as it indicates the company's debt obligations remain manageable and lenders view it as a low-risk borrower.