Bhageria Industries Ltd announced credit rating actions from multiple agencies, with CARE Ratings Limited reaffirming and removing from Rating Watch with Negative Implications the company’s Long-term / Short-term Bank Facilities amounting to INR 91.00 Crores, assigning a Stable outlook and CARE A; Stable / CARE A1 (RWN) rating, alongside reaffirming the Total Facilities of INR 91.00 Crore (Rupees Ninety-One Crores Only) with the same rating; additionally, CARE Ratings Ltd. assigned a BBB rating with a Stable outlook to the company’s Long-term bank loan facilities of Rs 100 crore, while CareEdge Ratings acknowledged ratings reflecting opinions as on the date of the rating without specifying instrument details, and noting that no further details were available for certain instruments, including Fund Based Limits - Revolving facility from Yes Bank Ltd., Axis Bank Ltd., and Kotak Mahindra Bank Ltd., and a Proposed Facility of 1.00, alongside a review indicating the issuer is not cooperating with a rating agency, and continuous monitoring of the rating.
