Capri Loans has received an assigned credit rating of “IVR AA/ Positive” from Infomerics for its enhanced Non-Convertible Debenture (NCD) limit of ₹200 Crore. Ratings on other existing instruments and facilities have been reaffirmed, reflecting a stable outlook. Key facilities, including long term bank facilities and cash credit, are reaffirmed with “IVR AA/ Positive” outlook.
Enhanced Credit Rating for NCDs
Capri Loans has been assigned a credit rating of “IVR AA/ Positive” by Infomerics Valuation and Rating Ltd. for the enhanced Non-Convertible Debenture (NCD) limit of ₹200 Crore. This rating signifies a positive outlook for the company’s financial instruments.
Reaffirmation of Existing Ratings
In addition to the new rating, Infomerics has reaffirmed the ratings for several of Capri Loans’ existing financial instruments and facilities. The reaffirmed ratings maintain the “IVR AA/ Positive” outlook, reflecting the company’s consistent financial performance.
Details of Rated Instruments
The following instruments and facilities have been rated or reaffirmed:
Proposed Non-Convertible Debenture (NCDs) – Public Issue: ₹200.00 Cr (Rating Assigned with IVR AA/ Positive outlook)
Proposed Non-Convertible Debenture (NCDs) – Public Issue: ₹200.00 Cr (increased from ₹180.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)
Non-Convertible Debenture (NCDs): ₹320.00 Cr (increased from ₹170.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)
Proposed Non-Convertible Debenture (NCDs): ₹180.00 Cr (reduced from ₹350.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)
Long Term Bank Facilities – Term Loan: ₹7163.82 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)
Long Term Bank Facilities Proposed Term Loan: ₹336.18 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)
Long Term Bank Facilities – Cash Credit: ₹595.00 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)
Source: BSE
