CRISIL re-affirms ratings at AA- on Rs 4,600 cr loans, outlook negative
UFLEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CRISIL has re-affirmed UFLEX's credit ratings on total bank loan facilities of Rs 4,600 crore. The long-term rating is held at AA- with a Negative outlook, while the short-term rating is reaffirmed at A1+. A Negative outlook from CRISIL signals that the agency may downgrade the rating over the next 12 to 24 months if business or financial conditions do not improve. The full rating rationale is available on CRISIL's website.
Negative outlook warns of possible future downgrade, which could raise UFLEX's borrowing costs on its Rs 4,600 crore bank loan facilities.