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Jay Ushin Limited has voluntarily requested and received the withdrawal of credit ratings assigned to its total bank loan facilities by CRISIL Ratings Limited.
Jay Ushin Ltd has withdrawn its credit ratings from Brickwork Ratings India Private Limited. This relates to bank loan facilities totaling ₹63.49 Crore.
India Ratings assigned IND BBB/Stable long-term and IND A3+ short-term ratings to Jay Ushin Ltd. The company also withdrew its earlier rating from Brickwork Ratings.
Jay Ushin Limited received new credit ratings from India Ratings and Research (Ind-Ra) for its ₹158 Crore bank facilities. Ind-Ra assigned an 'IND BBB/Stable' rating for long-term facilities and 'IND A3+' for short-term facilities, reflecting the company's established market position and technical collaboration with U-Shin Ltd, Japan.