Britannia Industries has announced the reaffirmation of its credit ratings for bank loan facilities at Rs. 3,000/- Crores, with a rating of Crisil AAA/Stable. The rating for commercial paper is also reaffirmed. However, the credit rating for Non-Convertible Debentures (Rs. 301.48/- Crores) has been withdrawn. This update was communicated following a review by a credit rating agency.
Credit Rating Update
Britannia Industries has received an updated credit rating assessment. The key highlight is the reaffirmation of the Crisil AAA/Stable rating for the company’s bank loan facilities, which are valued at Rs. 3,000/- Crores.
Commercial Paper
The rating for Britannia’s commercial paper, amounting to Rs. 500/- Crores, has also been reaffirmed with a Crisil A1+ rating. This reflects the company’s ability to meet its short-term financial obligations.
Non-Convertible Debentures
The Crisil AAA/Stable rating for the company’s Non-Convertible Debentures, valued at Rs. 301.48/- Crores, has been withdrawn at the company’s request.
Source: BSE