MTAR Technologies' credit ratings reaffirmed by ICRA
MTAR Technologies Limited announced its credit ratings have been reaffirmed by ICRA Limited following a recent assessment. This reaffirmation covers several financial instruments, reflecting a stable outlook on the company's creditworthiness.
Specifically, the Long Term-Fund Based-Cash Credit and Long Term-Fund Based-Term Loan instruments, totaling ₹280.00 crore and ₹108.49 crore respectively, received a [ICRA]A(Stable) rating. Additionally, the Long-Term / Short Term-Non Fund Based - others (₹200.00 crore) and Long-Term / Short Term-Unallocated Limits (₹81.51 crore) were rated [ICRA]A(Stable)/[ICRA]A1.
The total rated amount across these instruments stands at ₹670.00 crore. This development signifies a consistent positive assessment of MTAR Technologies' financial standing by ICRA.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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