Tara Chand InfraLogistic Solutions Limited has informed the Exchange about Credit Rating
TARACHAND · price
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Tara Chand InfraLogistic Solutions has received a credit rating upgrade from CARE Ratings for its bank facilities. Long-term banking facilities have been rated CARE BBB with a Stable outlook, while short-term facilities received CARE A3+. Total bank facilities rated amount to Rs. 160 crore, spread across SBI and proposed facilities. Notably, the combined long-term/short-term facility limit has been enhanced from Rs. 25 crore to Rs. 101.64 crore. The company states this upgrade reinforces its position in the investment-grade category and reflects confidence in its financial position.
This is a positive development for shareholders — an investment-grade rating upgrade typically lowers future borrowing costs, improves access to credit, and signals lender confidence in the company's financial health, which may support valuation.