Vraj Iron and Steel Limited has informed the Exchange about Credit Rating
VRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Vraj Iron and Steel's credit ratings on its bank facilities, based on a review of the company's FY25 audited and H1FY26 unaudited performance. The ₹40 crore long-term bank facilities from HDFC Bank have been reaffirmed at CARE A- with a Stable outlook, indicating adequate safety for timely payment. The ₹30 crore long-term/short-term bank facilities (LC/BG) have been reaffirmed at CARE A-/A2+, covering total rated facilities of ₹70 crore. The rating action is a 'Reaffirmed' status, meaning the credit agency sees no change in the company's creditworthiness from its previous assessment.
Rating reaffirmation signals stability in the company's financial profile and is broadly neutral for shareholders. Borrowing costs from HDFC Bank are unlikely to change, and the Stable outlook suggests no near-term pressure on the company's debt servicing capacity.