Zodiac Clothing Company Limited has informed the Exchange about Credit Rating
ZODIACLOTH · price
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Awaiting price reaction for this filing.
CRISIL Ratings has reviewed Zodiac Clothing Company's bank loan facilities and reaffirmed the long-term rating at CRISIL BB/Stable. The total facilities rated stand at Rs. 53 crore, covering fund-based limits from RBL Bank (Rs 20 Cr), HDFC Bank (Rs 15 Cr), ICICI Bank (Rs 10 Cr), Bank of Maharashtra (Rs 5 Cr), and proposed limits (Rs 3 Cr). The rating letter is dated October 31, 2025, and remains valid until March 31, 2026. The 'BB' rating places the company in the speculative grade category, while the 'Stable' outlook indicates CRISIL does not foresee any near-term change in the credit profile. This is a continuation of the existing rating with no upgrade, downgrade, or watch action.
No material change in credit standing — the rating is reaffirmed at its existing level, so there is no new positive or negative trigger for the stock from this update. Investors should note that the BB rating is below investment grade, which signals ongoing credit risk in the company's debt profile.