Lactose India Ltd Receives Reaffirmed BBB-/Stable Credit Rating for Enhanced Bank Loan Facilities
Lactose India Ltd has received a reaffirmed credit rating from CRISIL Ratings Limited regarding its long-term bank facilities. The review reflects an enhancement in the total rated loan facilities, which now stand at Rs. 90 Crore, up from the previous figure of Rs. 60 Crore.The company's Credit Rating Agency is CRISIL Ratings Limited for Long Term Bank Facilities. The rating assigned to Lactose India Ltd remains stable following the reaffirmation by CRISIL Ratings.
Key details of the credit rating are as follows:
| Particulars | Details |
|---|---|
| Credit Rating Agency | CRISIL Ratings Limited |
| Type of Instrument / Facility | Long - Term Bank Facilities |
| Total Bank Loan Facilities Rated | Rs. 90 Crore (Enhanced from Rs. 60 Crore) |
| Rating | Crisil BBB-/ Stable (Reaffirmed) |
| Outlook | Stable |
| Rating Action | Reaffirmed |
Facility Breakdown Across Banks
The total bank loan facilities rated at Rs. 90 Crore are distributed across various banks and facility types, as detailed below:| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Cash Credit | Bank of Baroda | 35 | Crisil BBB-/Stable |
| 2 | Cash Credit | YES Bank Limited | 25 | Crisil BBB-/Stable |
| 3 | Term Loan | Bank of Baroda | 30 | Crisil BBB-/Stable |
This comprehensive review and reaffirmation by CRISIL Ratings reflects the company's standing concerning its banking obligations. The detailed breakdown highlights how the increased credit facilities are structured across both cash credit and term loan categories with different lending institutions.
Stock Price Movement
Lactose India Ltd. shares settled on Monday, ticking up by 0.15% to reach ₹100.15. The stock traded throughout the day within an intraday range of ₹98.65 and a high of ₹101.00.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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