Finolex Industries Limited has received a reaffirmation of its credit ratings from CRISIL Ratings Limited. The assessment covers bank loan facilities totaling ₹1,916.25 crore. The agency has maintained the CRISIL AA+/Stable rating for long-term facilities and the CRISIL A1+ rating for short-term facilities. This reaffirmation reflects the company’s ongoing financial stability and creditworthiness as evaluated under the rating agency’s continuous surveillance framework.
Rating Summary
Finolex Industries Limited has been notified of the reaffirmation of its existing credit ratings by CRISIL Ratings Limited. As of May 11, 2026, the rating agency has assessed the company’s total bank loan facilities amounting to ₹1,916.25 crore. Both the long-term and short-term debt instruments continue to hold strong investment-grade ratings, underscoring the company’s robust financial health.
Breakdown of Facilities
The total rated amount of ₹1,916.25 crore comprises various fund-based and non-fund-based facilities. The company’s long-term facilities, which include cash credit arrangements with major financial institutions like Axis Bank, ICICI Bank, and HDFC Bank, have been reaffirmed at CRISIL AA+/Stable. Furthermore, the short-term facilities, primarily consisting of letters of credit and bank guarantees, have been reaffirmed at CRISIL A1+.
Operational Outlook
These ratings are subject to continuous monitoring by the rating agency. The CRISIL AA+ rating indicates a high degree of safety regarding the timely servicing of financial obligations, while the A1+ rating reflects the strongest degree of safety for short-term debt instruments. The ratings take into account the company’s diverse banking relationships and the specific nature of its credit facilities, which remain instrumental to its operational liquidity.
Source: BSE
