Surya Roshni Limited has informed the Exchange about Credit Rating
SURYAROSNI · price
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Awaiting price reaction for this filing.
CARE Edge Ratings has upgraded Surya Roshni Limited's long-term bank facility rating from CARE AA- (Positive) to CARE AA (Stable), covering Rs. 349 crore in long-term facilities. The short-term bank facility rating of CARE A1+ has been reaffirmed for Rs. 651 crore, taking the total rated bank facilities to Rs. 1,000 crore. The rating action is based on the company's operational and financial performance for FY25 (audited) and its positive impact on the credit profile. Major lenders include State Bank of India, HDFC Bank, Bank of Baroda, Union Bank of India, and IDBI Bank.
This is a positive development for shareholders, reflecting improved creditworthiness and stronger financial health. A higher rating typically means lower borrowing costs for the company, which can support future growth and profitability.