Elgi Equipments credit rating reaffirmed by CRISIL

Elgi Equipments [BSE:ELGIEQUIP] announced that CRISIL Ratings Limited has reaffirmed its credit ratings as of February 24, 2025. The total bank loan facilities considered for rating stand at Rs. 557.4 Crores, enhanced from Rs.456 Crore. CRISIL has reaffirmed the long-term rating at CRISIL AA/Stable and the short-term rating at CRISIL A1+. The company stated that there are no changes in ratings assigned by CRISIL from the previous report. The rating rationale provided by CRISIL can be accessed via a provided link. This information is also available on the company website, www.elgi.com.