CARE Ratings Upgrades HFCL's Credit Profile, Assigning Care A; Positive Rating
HFCL Ltd has received an upgrade of its credit ratings from CARE Ratings Limited, which was issued on July 01, 2026. The rating enhancement covers both the company's long-term and short-term bank facilities.CARE Ratings Limited upgraded HFCL’s long-term credit rating to Care A; Positive, moving it up from CARE A-; Stable. For its short-term credit facility, the rating has been enhanced to CARE A1 from CARE A2+.
The upgrade reflects the improved credit profile and increased creditworthiness of the company, as assessed by CARE Ratings Limited. The positive movement in ratings reinforces confidence among lenders and stakeholders regarding HFCL's financial discipline, business execution capabilities, long-term growth prospects, and business strategy.
Details regarding the facilities and their assigned ratings are provided below:
| Facilities | Amount (₹ in Crore) | Ratings | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | ₹ 1,525.95 (Enhanced from ₹ 1,256.19) | Care A; Positive | Upgraded from CARE A-; Stable |
| Short Term Bank Facilities | ₹ 2,550.00 (Enhanced from ₹ 2,386.63) | Care A1 | Upgraded from CARE A2+ |
HFCL Stock Price Movement
On Wednesday, shares of HFCL Limited shed 0.26%, closing at ₹212.09 after a drop of ₹0.55 from the previous close. The stock traded within a range defined by a daily low of ₹210 and a high of ₹216.61, with over 15 million shares involved in the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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