Flex Foods Ltd. has announced the assignment of credit ratings for its banking facilities by ICRA Limited, a SEBI-registered credit rating agency. The Long Term – Fund based – Term Loan has been assigned a rating of [ICRA]BB+ (Stable). Additionally, Long Term/Short Term Fund based /Non fund based-Working capital facilities and Long Term/ Short Term- Unallocated facilities have received ratings of [ICRA]BB+ (Stable)/[ICRA]A4+. These ratings reflect the company’s creditworthiness and financial health.
Credit Rating Assignment
Flex Foods Ltd. has officially disclosed the credit ratings assigned to its various banking facilities by ICRA Limited. This disclosure, made in accordance with SEBI regulations, provides stakeholders with insights into the company’s financial risk profile and its ability to meet its debt obligations. The ratings are valid as of September 23, 2026.
Instrument-wise Ratings
The following instrument-wise credit ratings have been assigned:
- Long Term – Fund based – Term Loan: Rated [ICRA]BB+ (Stable). The current rated amount for this facility is ₹123.50 crore.
- Long Term/Short Term Fund based /Non fund based-Working capital facilities: Rated [ICRA]BB+ (Stable)/[ICRA]A4+. The total amount for these facilities is ₹45.00 crore.
- Long Term/ Short Term- Unallocated: Rated [ICRA]BB+ (Stable)/[ICRA]A4+. This category has a rated amount of ₹1.50 crore.
The total rated amount across all facilities sums up to ₹170.00 crore. The detailed rating rationale issued by ICRA Limited is available for review on their official website.
Source: BSE
