Triveni Turbine Limited has informed the Exchange about Credit Rating
TRITURBINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA Limited has retained Triveni Turbine's long-term credit rating at [ICRA]AA+ (Stable) on its fund-based limits of Rs. 849.5 crore. The short-term rating of [ICRA]A1+ on non-fund based limits has also been retained while being enhanced. Additionally, a new non-fund based short-term facility of Rs. 40 crore has been assigned the highest [ICRA]A1+ rating. Overall, the company's total bank facilities have been enhanced from Rs. 849.50 crore to Rs. 889.50 crore, an increase of Rs. 40 crore.
Retention of the strong AA+ (Stable) rating signals continued financial health and lender confidence, while the Rs. 40 crore new facility expansion supports growth funding. This is a neutral-to-positive development for shareholders, reflecting stable credit quality.