Jai Balaji Industries credit rating downgraded by CRISIL
after close1 source ↓written by the desknot a recommendation
- in total bank
- ₹995 cr
Jai Balaji Industries Limited's credit rating has been downgraded by CRISIL. The long-term rating for its bank loan facilities is now CRISIL BBB/Stable, down from CRISIL BBB+/Stable, while the short-term rating dropped to CRISIL A3+ from CRISIL A2. This affects ₹995 cr in total bank loan facilities, reflecting a shift in perceived creditworthiness.
This downgrade may impact investor sentiment and borrowing costs for the company, potentially affecting its operational flexibility in the near term.
Not investment advice. For informational purposes only.