TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about Credit Rating
TRANSWORLD · price
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Awaiting price reaction for this filing.
Transworld Shipping Lines Limited has informed the stock exchanges that CRISIL Limited has reaffirmed its credit rating of CRISIL A-/Stable on all the company's bank facilities. The total rated facilities amount to Rs. 476 crore and include foreign currency term loans from RBL Bank, Canara Bank and Exim Bank, rupee term loans from IndusInd Bank, HDFC Bank and Federal Bank, and a proposed long-term bank loan facility of Rs. 116.52 crore. The rating reaffirmation was communicated by CRISIL via letter dated April 11, 2025. The 'Stable' outlook indicates CRISIL does not foresee any near-term change in the company's credit profile. CRISIL A- is an investment-grade rating suggesting adequate capacity to meet financial commitments.
Neutral to slightly positive for shareholders — the rating was reaffirmed (not changed) and the Stable outlook signals no immediate concern about the company's debt repayment ability. Investors should note the company carries a significant debt load of Rs. 476 crore across multiple lenders.