Viyash Scientific Limited has informed the Exchange about Credit Rating
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ICRA Limited has assigned a credit rating of [ICRA]AA- (Stable) to Viyash Scientific Limited's long-term fund-based working capital facilities aggregating to Rs.185 crore. The rating covers ICICI Bank (Rs.35 crore) and Kotak Mahindra Bank (Rs.150 crore) limits. This is a new rating assignment communicated on April 22, 2026. The company notes that the ICRA rating is higher than its previous rating of IND A/Positive (for bank facilities) as per India Ratings & Research's letter dated January 31, 2025. The 'Stable' outlook indicates no immediate change is expected in the rating.
The upgrade from IND A to ICRA AA- reflects improved creditworthiness, which could lead to lower borrowing costs and better lender confidence. For shareholders, this signals the company's enhanced ability to service debt and access capital markets on favourable terms.