CARE Ratings has reaffirmed the credit ratings of SBFC Finance’s bank facilities, commercial paper, and non-convertible debentures. The long-term bank facilities are rated CARE AA- with a stable outlook, enhanced to ₹2,500.00 crore. The commercial paper is rated CARE A1+ and the non-convertible debentures are rated CARE AA- with a stable outlook, valued at ₹400.00 crore.
Reaffirmation of Credit Ratings
CARE Ratings has reaffirmed the credit ratings for SBFC Finance Limited. This decision reflects their assessment of the company’s financial stability and operational performance. The reaffirmed ratings apply to various financial instruments, including bank facilities, commercial paper, and non-convertible debentures.
Details of Bank Facilities Rating
The long-term bank facilities of SBFC Finance have been reaffirmed at CARE AA-; Stable, with the amount enhanced from ₹1,700.00 crore to ₹2,500.00 crore. This rating indicates a stable outlook for the company’s ability to meet its long-term obligations.
Commercial Paper Rating
The rating for commercial paper has been reaffirmed at CARE A1+. The amount of commercial paper remains at ₹200.00 crore. This short-term rating reflects a high degree of certainty regarding timely payment of obligations.
Non-Convertible Debentures Rating
CARE Ratings has also reaffirmed the rating for SBFC Finance’s non-convertible debentures at CARE AA-; Stable. The total amount of these debentures is ₹400.00 crore. The stable outlook suggests a consistent expectation of meeting financial commitments.
Source: BSE
