CRISIL has reaffirmed Kapston Services Limited's credit ratings at 'CRISIL BBB/Stable' for long-term and 'CRISIL A3+' for short-term bank facilities. The total rated amount has been enhanced to ₹231 Crore from ₹218.50 Crore, reflecting maintained creditworthiness and expanded borrowing capacity.
India Ratings and Research (Ind-Ra) has revised the outlook for IRB Infrastructure Developers Limited to 'Positive' from 'Stable'. The agency affirmed the 'IND AA-' rating for the company's ₹1,289.90 Crore bank loan facilities, reflecting improved creditworthiness and financial stability.
CRISIL has downgraded Maithan Alloys Limited's long-term bank facilities rating to 'CRISIL AA-/Stable' from 'CRISIL AA/Negative' while reaffirming the short-term rating at 'CRISIL A1+'. The action reflects a subdued business profile due to muted revenue and profitability pressure from high power costs. The company maintains a strong financial risk profile with Rs. 600 Crore in rated facilities.
Dharmaj Crop Guard Limited announced that CRISIL Ratings has reaffirmed and withdrawn its 'CRISIL BBB+/Stable' and 'CRISIL A2' ratings for bank facilities totaling ₹237.85 Crore. This follows the company's transition to CARE Ratings for its credit assessment.
Metro Brands Limited received a credit rating reaffirmation from CareEdge Ratings. The rating for its ₹56 Crore bank facilities stands at 'CARE AA; Stable' for long-term and 'CARE A1+' for short-term. The rating reflects the company's robust financial profile, asset-light model, and strong market presence in the footwear industry.
CARE Ratings has reaffirmed Sanstar Ltd's credit rating at 'CARE BBB+; Stable / CARE A2' for ₹113.75 Crore in bank facilities. The rating covers ₹95.00 Crore in long/short-term and ₹18.75 Crore in short-term facilities, reflecting the company's audited FY25 and 9MFY26 performance.
