Singer India Ltd Receives Credit Rating Update on Bank Facilities from CRISIL
Singer India Ltd's bank facilities have received a credit rating from CRISIL, providing details on the outstanding debt instruments. The rating information covers a total bank loan facilities amount of Rs. 45 Crore.The rating assessment provided by CRISIL covers the following metrics:
| Metric | Rating |
|---|---|
| Long Term Rating | CRISIL BBB-/Stable |
| Short Term Rating | CRISIL A3 |
The total bank loan facilities rated stand at Rs. 45 Crore.
A detailed breakdown of the bank-wise facilities and their corresponding ratings is available in the annexure. This table outlines the various facility classes, the lending banks, the outstanding amounts, and the assigned ratings.
| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Cash Credit | HSBC Bank | 4.5 | Crisil BBB-/Stable |
| 2 | Cash Credit | YES Bank Limited | 20 | Crisil BBB-/Stable |
| 3 | Letter of Credit & Bank Guarantee | YES Bank Limited | 10 | Crisil A3 |
| 4 | Packing Credit in Foreign Currency | YES Bank Limited | 2 | Crisil BBB-/Stable |
| 5 | Proposed Fund-Based Bank Limits | -- | 3.5 | Crisil BBB-/Stable |
| 6 | Working Capital Demand Loan | YES Bank Limited | 5 | Crisil BBB-/Stable |
| Total | 45 |
The rating assessment conducted by CRISIL confirms the rating outstanding on the bank facilities during the period of April 01, 2026, to April 08, 2026, as CRISIL BBB-/Stable for the long term and CRISIL A3 for the short term.
The initial letter detailing this rating information is noted as remaining valid until March 31, 2027.
SINGERIND Stock Price Movement
Shares of Singer India Limited are edging higher to ₹71.57 as of 3:25 PM, pushing up by 0.20% in live trading. Trading activity has seen the stock process 106,769 shares so far today.Source:
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