Cheviot Company Ltd. Receives Reaffirmation of Bank Loan Rating from Crisil Ratings
Cheviot Company Ltd. has announced the reaffirmation of its bank loan rating by Crisil Ratings Limited. The rating confirms the company's standing across its primary debt facilities as of April 21, 2026.As part of its annual rating surveillance exercise, Crisil Ratings Limited reaffirmed the Long-Term Rating as Crisil A+/Stable and the Short-Term Rating as Crisil A1+ on the bank loan facilities provided to Cheviot Company Ltd. The rating letter issued remains valid until March 31, 2027.
The rating covers a total of Rs. 34 Crore in bank loan facilities. The facilities are categorized and rated as follows:
| Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|
| Cash Credit | Axis Bank Limited | 10 | Crisil A+/Stable |
| Non-Fund Based Limit | Axis Bank Limited | 22 | Crisil A1+ |
| Proposed Term Loan | - | 2 | Crisil A+/Stable |
| Total | 34 |
The overall ratings outstanding on the bank loan facilities were reported to be Crisil A+/Stable for the Long-Term rating and Crisil A1+ for the Short-Term rating.
The company confirmed that the rating status is continuously under surveillance and review by Crisil Ratings. The ratings are based on the facilities outstanding as of the date of the report.
CHEVIOT Stock Price Movement
Shares of Cheviot Company Limited are edging higher to ₹1117 as of 2:49 PM, rallying 1.01% on a substantial gain of ₹11.15. This positive momentum is supported by trading volume that saw 1,576 shares change hands in the live market.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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