ICRA has upgraded Balu Forge Industries’ credit rating, reflecting an improvement in the company’s financial standing. The assigned ratings for the working capital facilities now stand at [ICRA]A-(Stable)/[ICRA]A2+. This upgrade signifies enhanced confidence in Balu Forge’s ability to meet its financial obligations. The rating applies to a total amount of ₹25.00 crore.
ICRA Upgrades Credit Rating
Balu Forge Industries has received an upgraded credit rating from ICRA for its bank facilities. The credit ratings, effective as of February 2, 2026, reflect ICRA’s assessment of the company’s creditworthiness.
Revised Ratings Details
The upgraded credit ratings assigned by ICRA are as follows:
- Working Capital Facilities: [ICRA]A-(Stable)/[ICRA]A2+
- Total Amount Rated: ₹25.00 crore
Previous Rating
The upgraded credit ratings represent an improvement from the Company’s existing borrowing credit ratings, as previously intimated by the Company vide its intimation dated November 29, 2025.
Source: BSE
