UFLEX Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed UFLEX Limited's long-term rating at 'CRISIL AA-/Stable' and short-term rating at 'CRISIL A1+'. The total bank loan facilities rated have been enhanced from Rs. 3,800 Crore to Rs. 4,600 Crore, an increase of Rs. 800 Crore. The AA- rating is a high investment-grade rating, while A1+ is the highest short-term rating, both with a Stable outlook. This signals strong creditworthiness and continued lender confidence in the company.
Positive for shareholders — the reaffirmed high-grade ratings and the Rs. 800 Crore increase in sanctioned bank debt capacity reflect strong financial health and easier access to funding, which could support growth initiatives or refinancing.