Yasho Industries gets ICRA A- credit rating for Rs 500 crore facilities
YASHO · price
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ICRA has assigned Yasho Industries a credit rating of A- (Stable) with A2+ for short-term, covering bank facilities worth Rs 500 crore. The company describes this as an upgrade. Facilities include 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 across Axis Bank, HSBC, Saraswat Bank, and SVC Bank.
Positive for credit profile. A- is investment grade, signalling adequate capacity to meet debt obligations, which may support lower borrowing costs.