Sheela Foam Limited (SFL) announced that India Ratings and Research (Ind-Ra) has reaffirmed the company’s credit rating for its debt instruments at ‘IND AA/Stable’. This rating has remained unchanged since the previous disclosure on September 10, 2025. The reaffirmed rating underscores the company’s consistent financial performance and stability in the market.
Credit Rating Reaffirmed by India Ratings
Sheela Foam Limited (SFL) has received a significant endorsement of its financial standing, with India Ratings and Research (Ind-Ra) reaffirming the company’s credit rating. The rating agency has maintained SFL’s rating for its debt instruments at ‘IND AA/Stable’. This reaffirms the company’s robust credit profile and financial resilience.
Stable Outlook Maintained
Notably, this rating marks no change from the rating previously disclosed by the company on September 10, 2025. The ‘Stable’ outlook suggests that India Ratings anticipates no significant deterioration in Sheela Foam’s creditworthiness in the foreseeable future. This consistency provides a clear signal of stability to investors and stakeholders.
Details of Instruments
The reaffirmation applies to Sheela Foam’s bank loan facilities and non-convertible debentures. The long-term issuer rating has been withdrawn at the company’s request. Current ratings include ‘IND AA/Stable/IND A1+’ for bank loan facilities totaling INR 7,000 million, and ‘IND AA/Stable’ for non-convertible debentures amounting to INR 1,812.50 million.
Source: BSE
