ICRA reaffirms Ramco Industries' credit ratings

Ramco Industries Limited has received a reaffirmation of its credit ratings from ICRA, as disclosed in a recent announcement. The company's long-term and short-term facilities, totaling Rs.500 Crores, have been reaffirmed. Specifically, the long-term term loans of Rs.10.00 Crores were rated [ICRA]AA-(Stable), while short-term unallocated facilities of Rs.185.00 Crores and short-term fund-based/non-fund-based facilities of Rs.305.00 Crores both received an [ICRA]A1+ rating.

Additionally, ICRA reaffirmed its rating for Ramco Industries' Non-Convertible Debenture (NCD) facilities. NCDs worth Rs.100.00 Crores were rated [ICRA]AA-(Stable). An earlier NCD facility of Rs.60.00 Crores, also rated [ICRA]AA-(Stable), has been reaffirmed and withdrawn, bringing the total current rated amount for all facilities to Rs.600.00 Crores.

The ratings reflect ICRA's assessment of the company's financial health, with the reassessment date noted as December 4, 2025. This indicates a stable outlook for Ramco Industries' creditworthiness across its diverse financial instruments.