ICRA Limited has reaffirmed the credit ratings for Narayana Hrudayalaya’s bank facilities and non-convertible instruments. The long-term rating stands at [ICRA]AA (Stable), while the short-term rating is [ICRA]A1+. These ratings apply to various facilities, including term loans, cash credit, and debentures, reflecting ICRA’s confidence in the company’s financial stability.
ICRA Reaffirms Credit Ratings
Narayana Hrudayalaya Limited has received confirmation from ICRA Limited regarding the stability of its credit ratings. The ratings pertain to both bank facilities and non-convertible instruments issued or proposed to be issued by the company.
Details of Reaffirmed Ratings
The following ratings have been reaffirmed by ICRA:
- Long Term-Fund Based- Term Loan: [ICRA]AA (Stable) on a limit of ₹1,912.00 crore
- Long Term- Fund Based- Cash Credit: [ICRA]AA (Stable) on a limit of ₹100.00 crore
- Short Term Non-fund Based: [ICRA]A1+ on a limit of ₹45.00 crore
- Long Term/ Short Term- Fund based/Non fund based- Working Capital: [ICRA]AA (Stable)/ [ICRA]A1+ on a limit of ₹205.00 crore
- Long Term/ Short term Non-Fund Based- Working Capital (sublimit): [ICRA]AA (Stable)/ [ICRA]A1+ on a limit of ₹(140.00) crore
- Long Term/ Short Term- Unallocated: [ICRA]AA (Stable)/ [ICRA]A1+ on a limit of ₹1,633.00 crore
The total long term facilities amount to ₹3,895.00 crore.
Non-Convertible Debenture Ratings
ICRA has also reaffirmed the ratings for the company’s non-convertible debentures:
- Non-convertible debenture: [ICRA]AA (Stable) on a limit of ₹300.00 crore
- Non-convertible debenture: [ICRA]AA (Stable) on a limit of ₹500.00 crore
- Non-convertible debenture (Proposed): [ICRA]AA (Stable) on a limit of ₹500.00 crore
The total Non-Convertible debenture facilities amount to ₹1300.00 crore.
Source: BSE
