H.G. Infra Engineering Limited has received a reaffirmation of its CARE AA; Stable credit rating for its long-term bank facilities. As part of this update, the company has successfully reduced its total sanctioned long-term bank facility amount to ₹140 crore, down from the previous ₹200 crore. This reaffirmation reflects the company’s sustained financial stability and continued confidence from rating agencies in its operational outlook.
Credit Rating Overview
H.G. Infra Engineering Limited has maintained its credit standing with CARE Ratings Limited. The agency has reaffirmed the CARE AA; Stable rating for the company’s long-term bank facilities, indicating a high degree of safety regarding timely servicing of financial obligations and low credit risk.
Reduction in Facility Limits
The company announced an adjustment to its total long-term debt exposure. The total sanctioned amount for long-term bank facilities has been revised to ₹140 crore. This represents a reduction of ₹60 crore from the previous limit of ₹200 crore, demonstrating a proactive approach to managing the company’s balance sheet and financial leverage.
Operational Outlook
The ‘Stable’ outlook assigned by the rating agency reflects the company’s consistent operational performance and its ability to maintain its market position within the infrastructure engineering sector. This reaffirmation provides ongoing assurance to investors and stakeholders regarding the firm’s robust financial health as it continues to execute its infrastructure projects.
Source: BSE
