CRISIL Revises Credit Ratings for Mirza International Ltd
CRISIL Ratings Limited has revised the Outlook for the long term and short term facilities of Mirza International Ltd. According to the rating action disseminated on April 9, 2026, the ratings reflect changes in the outlook for the company's debt instruments.The revised ratings provided by CRISIL Ratings are as follows:
| Facility Type | Rating |
|---|---|
| Long Term Rating | Crisil 888+/Negative |
| Short Term Rating | Crisil A2 |
The rating review noted that all ratings assigned by CRISIL Ratings remain under continuous surveillance and review.
A detailed breakdown of the total bank loan facilities rated for the company, along with the rating actions by CRISIL Ratings, is presented below:
| Facility Detail | Value | Rating |
|---|---|---|
| Total Bank Loan Facilities Rated | Rs.215 Crnre | |
| Long Term Rating | Crisil BBB+/Negative (Downgraded from 'Crisil A-/Negative') | |
| Short Term Rating | Crisil A2 (Downgraded from 'C1· isil A2+') |
These ratings cover an aggregate of Rs.215 Crnre in total bank loan facilities.
Bank-wise Facility Details
Annexure 1 provided specifics on the various facility classes and their outstanding amounts, categorized by the lending bank:| S.No. | Bank Facility | Bank | Amount (Rs. in Cmre) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Bill Discounting | State BankofIndia | 25 | Crisil A2 |
| 2 | Bill Discounting | HDFC Bank Limited | 20 | Crisil A2 |
| 3 | Bill Discounting | Punjab National Bank | 85 | Crisil A2 |
| 4 | Cash Credit | HDFC Bank Limited | 21 | Crisil BBB+/Negative |
| 5 | Cash Credit | Punjab National Bank | 2 | Crisil BBB+/Negative |
| 6 | Letter of Credit | Punjab National Bank | 10 | C1 isil A2 |
| 7 | Packing Credit | Punjab National Bank | 30 | C1isil A2 |
| 8 | Proposed Long Term Bank Loan Facility | -- | 22 | C1 isil BBB+/Negative |
| Total | 215 |
The report also noted that in the event the company does not avail the proposed facilities within a period of 180 days from the date of the letter, a fresh letter of revalidation from CRISIL Ratings will be necessary.
MIRZAINT Stock Price Movement
As of 2:50 PM, shares of Mirza International Limited are slipping by 2.59% in live trading, currently at ₹30.84. The stock has seen 193,912 shares traded during the session.Source:
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