Refex Industries Limited has received an upgraded long-term and short-term credit rating for its bank loans from Acuité Ratings & Research Limited. The upgrade signifies improved creditworthiness and financial stability for the company, potentially leading to better borrowing terms and enhanced investor confidence. The rating letter from Acuité confirms the revised ratings, effective from August 07, 2026.
Acuité Ratings Enhances Refex Industries’ Credit Profile
Refex Industries Limited has been notified of an upgrade in its credit ratings for bank loans by Acuité Ratings & Research Limited, a SEBI-registered credit rating agency. The rating action, communicated via a letter dated August 07, 2026, and received by the company on August 10, 2026, reflects an improved credit assessment.
Rating Details and Implications
The upgrade affects both the long-term and short-term ratings associated with the company’s bank loan facilities. Specifically, the total outstanding quantum of these bank loans amounts to ₹660.00 crore. The details of the upgraded ratings are as follows:
- Bank Loan Ratings (₹206.00 Cr): Long-term rating assigned as ACUITE A | Stable.
- Bank Loan Ratings (₹112.05 Cr): Long-term rating upgraded to ACUITE A | Stable.
- Bank Loan Ratings (₹4.00 Cr): Short-term rating assigned as ACUITE A1 | Assigned.
- Bank Loan Ratings (₹337.95 Cr): Short-term rating upgraded to ACUITE A1 | Upgraded.
This enhancement in credit rating by Acuité Ratings & Research Limited is a positive development for Refex Industries Limited, indicating a stronger financial standing and potentially more favourable access to debt financing. The company has also made this information available on its website at https://refex.co.in/investors/credit-ratings.
Source: BSE
