Heritage Foods Limited announced a significant upgrade in its credit rating by CRISIL Ratings, effective March 6, 2026. The Long-Term Rating has been upgraded to ‘Crisil AA-/Stable’ from ‘Crisil A+/Positive’. The Short-Term Rating was reaffirmed at ‘Crisil A1+’. This upgrade applies to total bank loan facilities currently rated at Rs 653.5 Crores, reflecting enhanced credit quality.
Credit Rating Enhancement Announced
Heritage Foods Limited has officially informed the stock exchanges regarding the revised credit ratings issued by CRISIL Ratings on March 6, 2026. The review resulted in a favorable outcome for the company’s banking facilities, demonstrating strengthening financial health and improved creditworthiness.
Detailed Rating Changes
The key highlights of the rating action are summarized below. The total quantum of bank loan facilities covered under this review stands at Rs 653.5 Crores, which reflects an enhancement from the previous total of Rs.503.5 Crores.
- Long Term Rating: Upgraded to Crisil AA-/Stable (from Crisil A+/Positive).
- Short Term Rating: Reaffirmed at Crisil A1+.
Breakdown of Bank Facilities
The updated rating status covers various types of facilities across multiple major banking partners. The Long-Term Loans, which total Rs 434 Crores across five banks, are now rated Crisil AA-/Stable. Additionally, the Short-Term facilities, including Cash Credit (Rs 145 Crore), Bank Guarantees (Rs 8.5 Crore), and Letters of Credit (Rs 8.9 Crore), maintain the highest short-term rating of Crisil A1+.
The facilities are spread across banks including Kotak Mahindra Bank Limited, HDFC Bank Limited, ICICI Bank Limited, and Bank of Baroda. The largest single component rated under Long Term Loan is Rs 134 Crore with HDFC Bank Limited.
Source: BSE
