ICRA upgrades Yasho Industries credit rating to A- with stable outlook

Yasho Industries has had its credit rating upgraded by ICRA Limited to A- (Stable) for long-term facilities and A2+ for short-term. The rating covers total bank facilities of Rs 500 crore, including term loans of Rs 218.25 crore, fund based and non-fund based limits of Rs 225 crore, and unallocated limits of Rs 56.75 crore. Facilities from Axis Bank, HSBC, Saraswat Co-operative Bank, and SVC Co-operative Bank are covered. The A- rating indicates strong capacity to meet financial commitments.