Global Health Limited has received a revised credit rating from CRISIL Ratings. The long-term rating has been updated to CRISIL AA-/Positive from CRISIL AA-, and the short-term rating is affirmed at CRISIL A1+. The total bank loan facilities rated amount to Rs. 1500 Crore. The rating revision reflects CRISIL’s assessment of Global Health’s financial risk profile.
Revised Credit Ratings
CRISIL Ratings has updated the credit ratings for Global Health Limited’s bank loan facilities. The revision includes an upgrade for the long-term rating and an affirmation of the short-term rating. These ratings apply to the company’s overall bank facilities.
Rating Details
The long-term rating has been revised to CRISIL AA-/Positive, indicating a stable outlook. The short-term rating remains at CRISIL A1+. These ratings are applicable to the total bank loan facilities, which are rated at Rs. 1500 Crore.
Bank Facility Breakdown
The Rs. 1500 Crore in rated facilities includes:
- Proposed Term Loan: Rs. 610 Crore (CRISIL AA-/Positive)
- State Bank of India Term Loan: Rs. 400 Crore (CRISIL AA-/Positive)
- ICICI Bank Limited Term Loan: Rs. 100 Crore (CRISIL AA-/Positive)
- State Bank of India Working Capital Facility: Rs. 50 Crore (CRISIL A1+)
- HDFC Bank Limited Working Capital Facility: Rs. 150 Crore (CRISIL A1+)
- ICICI Bank Limited Working Capital Facility: Rs. 50 Crore (CRISIL A1+)
- YES Bank Limited Working Capital Facility: Rs. 140 Crore (CRISIL A1+)
A sublimit of Rs 150 crore is included for capex LC and Rs 20 crore for bank guarantee.
Source: BSE