Jai Balaji Industries credit rating downgraded by CRISIL
pre-market1 source ↓written by the desknot a recommendation
- in bank loan
- ₹995 cr
Jai Balaji Industries Limited's credit ratings have been downgraded by CRISIL. The long-term rating is now CRISIL BBB/Stable, down from CRISIL BBB+/Stable, while the short-term rating fell to CRISIL A3+ from CRISIL A2. This affects ₹995 cr in bank loan facilities, indicating a decline in perceived creditworthiness.
The downgrade may impact investor sentiment and borrowing costs for the company, potentially influencing trading activity in the stock market.
Not investment advice. For informational purposes only.