Andhra Paper secures stable ICRA rating for enhanced bank facilities

Andhra Paper Limited announced on December 4, 2025, that ICRA Limited has assigned credit ratings to its bank facilities. The long-term fund-based facilities, totaling INR 306.00 crores, received an [ICRA]AA (Stable) rating. Additionally, the long-term/short-term unallocated limits of INR 19.00 crores were rated [ICRA]AA (Stable) / [ICRA]A1+, and short-term non-fund based facilities worth INR 25.00 crores were assigned an [ICRA]A1+ rating.

The total rated amount for the company's bank facilities stands at INR 350.00 crores. The company confirmed that these new ratings from ICRA Limited are consistent with the previous ratings assigned by CARE Ratings Limited, prior to its withdrawal. This indicates a seamless transition in its credit assessment, with no change in the overall credit standing, while reflecting current banking arrangements with enhanced rated limits.

The facilities rated include credit lines from various banks, with State Bank of India, HDFC Bank, Axis Bank, Yes Bank, and ICICI Bank contributing to the long-term fund-based facilities. Short-term facilities involve State Bank of India and Standard Chartered Bank.