This is to inform you that the credit rating agency has reaffirmed rating of the Company as "BBB-/ Stable (IVR Triple B Minus with stable outlook.
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Infomerics Valuation and Rating Limited has reaffirmed True Green Bio Energy Ltd's credit rating at 'IVR BBB-/Stable' (Triple B Minus with Stable Outlook) for its long-term fund-based bank facilities. The rating covers a total facility of Rs. 250 crore, split between Indian Bank (Rs. 150 crore term loan) and State Bank of India (Rs. 100 crore term loan), both repayable in 96 monthly instalments up to March 2034. The rating action follows a review of the company's operational and financial performance for FY24 audited results and 9MFY25 provisional results. The rating is valid for one year from April 18, 2025. The previous rating was also IVR BBB-/Stable, so there is no change in the rating.
The reaffirmation at the same BBB-/Stable rating signals that the company's creditworthiness and repayment capacity remain unchanged in the agency's view, meaning borrowing costs and lender confidence should stay steady. For shareholders, this is a neutral event — neither a positive surprise nor a red flag, though BBB- is on the lower end of investment grade, indicating moderate credit risk.