📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Crompton Receives CRISIL AA+/Stable and A1+ Ratings for Rs 1,950 Crore Bank Facilities
CRISIL Ratings has assigned a 'CRISIL AA+/Stable' rating to Crompton Greaves' long-term bank loan facilities totaling Rs 975 crore. Simultaneously, short-term bank loan facilities of Rs 975 crore were assigned a 'CRISIL A1+' rating. The company also confirmed the withdrawal of the rating for its Rs 300 crore Non-Convertible Debentures following their full redemption in July 2025. These ratings underscore the company's robust creditworthiness and stable financial outlook.
Key Highlights
Assigned 'CRISIL AA+/Stable' rating for Long Term Bank Loan Facilities of Rs 975 crore
Assigned 'CRISIL A1+' rating for Short Term Bank Loan Facilities of Rs 975 crore
Withdrawn 'CRISIL AA+/Stable' rating for Rs 300 crore NCDs following full redemption in July 2025
Total bank facilities assigned high-investment grade ratings amount to Rs 1,950 crore
💼 Action for Investors
The high credit ratings reaffirm the company's financial strength and ability to service debt, supporting a long-term positive outlook. Investors should view this as a confirmation of the company's fundamental stability.