Happy Forgings maintains "Crisil AA/Stable" rating for bank facilities

Happy Forgings Limited announced that CRISIL has reaffirmed its "Crisil AA/Stable" rating for various bank facilities totaling ₹485 crores. The communication, dated September 16, 2025, confirmed that while the overall rated amount remains unchanged, there has been a reallocation of amounts across different bank facilities.

The revised allocation includes ₹50 crores from HDFC Bank Limited, ₹70 crores from ICICI Bank Limited, and ₹90 crores from YES Bank Limited, all rated Crisil AA/Stable. Additionally, a proposed long-term bank loan facility of ₹125 crores and vendor bill discounting limits of ₹150 crores from State Bank of India also received the Crisil AA/Stable rating.

This reaffirmation and reallocation reflect the company's financial stability as assessed by CRISIL, maintaining the strong investment-grade rating for its banking relationships.