Super Iron Foundry Ltd announced rating actions from both Infomerics Valuation and Rating Limited (IVR) and INFOMERICS, with Infomerics upgrading the Long-Term rating on its Rs 134.95 Crore facility to IVR BBB/Stable, enhanced from Rs 115.45 Crore, and also upgrading the Short-Term rating to IVR A3+; INFOMERICS upgraded the Bank Loan Facilities of Rs. 34.95 Crore to BBB/Stable for the Long Term Rating and A3+ for the Short Term Rating, while both agencies noted that long term facilities are normally valid for one year from September 29, 2027, and the ratings reflect Infomerics' opinion on credit risk, with no actions or ratings assigned to unlisted bonds/debentures, listed PTCs, listed commercial paper and NCDs, unlisted commercial Paper and NCDs, External Commercial Borrowings, Certificates of Deposit, Fixed Deposits, Unlisted Security Receipts, or unlisted [NBFCs / Securitisation Notes.
