MSTC Limited announced that its credit ratings for bank facilities have been reaffirmed by CareEdge Ratings as of March 17, 2026. The long-term rating stands at CARE BBB+; Stable, and the short-term rating is confirmed at CARE A2. These ratings apply to a total facility amount of Rs. 110.00 Crores, covering both fund-based and non-fund-based facilities, with no change reported from the previous assessment.
Credit Rating Maintenance Announcement
MSTC Limited has issued an official communication on March 17, 2026, concerning an update on the credit rating assigned to its various bank facilities by Care Ratings Limited (now CareEdge Ratings). The rating review was based on the Company’s operational and financial performance for FY25 (Audited) and 9MFY26 (Unaudited).
Summary of Rated Facilities and Ratings
The review confirmed the existing ratings across all outstanding facilities, resulting in a Reaffirmed rating action across the board. The facilities under review total Rs. 110.00 Crores.
Long Term Facilities (Fund Based)
The long-term bank facilities, amounting to Rs. 10.00 Crores (proposed for Cash Credit), were assigned the rating of CARE BBB+; Stable, which has been Reaffirmed.
Short Term Facilities (Non-Fund Based)
The short-term bank facilities, totaling Rs. 100.00 Crores (proposed for Letter of Credit/Bank Guarantee), were assigned the rating of CARE A2, which has also been Reaffirmed.
Details of Total Facilities
The breakdown of the total rated exposure is as follows:
- Long Term Facilities: Rs. 10.00 Crore
- Short Term Facilities: Rs. 100.00 Crore
- Total Facilities: Rs. 110.00 Crore
Rating Agency Procedures
CareEdge Ratings confirmed that the rating report will be communicated separately. The rating agency reserves the right to undertake surveillance reviews periodically. It was noted that the assigned ratings do not account for sovereign risk attached to any foreign currency loans. Furthermore, the rating assessment does not factor in any rating-related trigger clauses that might cause acceleration of payments.
Source: BSE
