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Awaiting price reaction for this filing.
Terai Tea Company has informed the stock exchanges that CRISIL Ratings has completed its review of the company's bank loan facilities. The total rated bank facilities stand at Rs. 49.81 crore, comprising cash credit, bank guarantees, overdraft, and a proposed working capital facility spread across Bank of India, Union Bank of India, Central Bank of India, and YES Bank. CRISIL has reaffirmed the long-term rating at BBB-/Stable and the short-term rating at A3, with no change in outlook. The rating letter is valid till March 31, 2026.
No material impact on shareholders — this is a routine periodic reaffirmation of existing ratings with a Stable outlook, signalling that CRISIL sees no change in the company's creditworthiness or repayment ability.