Heritage Foods Limited announced that CRISIL Ratings Limited has reaffirmed the credit ratings for its banking facilities as of March 31, 2026. The total bank loan facilities rated aggregate to Rs 653.5 Crores. The long-term rating stands at Crisil AA-/Stable, while the short-term rating has been confirmed at Crisil A1+. This confirmation is effective until March 31, 2027, providing continued confidence in the company’s debt servicing capabilities.
Credit Rating Update for Heritage Foods
Heritage Foods Limited has formally disclosed the latest credit ratings assigned to its banking facilities by CRISIL Ratings Limited, effective March 31, 2026. This intimation is made pursuant to existing regulatory requirements governing disclosure of material information.
Summary of CRISIL Ratings
The total quantum of bank loan facilities under review amounts to Rs 653.5 Crores. The key ratings reaffirmed by CRISIL are detailed below:
- Long Term Rating: Crisil AA-/Stable
- Short Term Rating: Crisil A1+
Bank Facility Breakdown
The total rated facilities consist of various instruments across several major banks. Key facility types receiving the Crisil AA-/Stable rating include Long Term Loans (Totaling Rs 446 Crores) and Cash Credits (Totaling Rs 195 Crores). Instruments such as Bank Guarantees and Letters of Credit received the highest short-term rating of Crisil A1+.
Major Bank Exposures (Total Rs 653.5 Crore)
- Long Term Loans: Facilities extended by Kotak Mahindra Bank, ICICI Bank, HDFC Bank, and Bank of Baroda, all maintaining the Crisil AA-/Stable rating.
- Short Term Facilities (Cash Credit/Guarantees): These facilities, spread across four major banks, received ratings ranging from Crisil A1+ to Crisil AA-/Stable.
Validity and Surveillance
The rating letter confirms that the current ratings will remain valid until March 31, 2027. Heritage Foods confirms that the detailed rating certificate has been attached and the information is simultaneously being hosted on the company website for public reference.
Source: BSE
