India Ratings affirms RSWM bank loan ratings at IND A/Negative

RSWM Limited announced on October 17, 2025, that India Ratings & Research has reaffirmed its bank loan ratings. The ratings cover term loans, fund-based working capital limits, and non-fund-based working capital limits. Term loans, totaling INR7,212.71 million, were affirmed at IND A/Negative.

Fund-based working capital limits, amounting to INR12,090 million, received an affirmed rating of IND A/Negative/IND A1. Non-fund-based working capital limits, totaling INR1,910 million, were also affirmed at IND A/Negative/IND A1. This announcement follows an earlier communication dated April 4, 2025, and details revised bank-wise facilities within the company's overall debt structure.

The affirmed ratings indicate India Ratings' assessment of RSWM's creditworthiness. The detailed breakup of facilities, including contributions from various banks such as State Bank of India, Union Bank of India, and ICICI Bank, outlines the distribution of the company’s debt.