Usha Martin Ltd receives credit rating upgrade from India Ratings and Research Pvt. Ltd.
Usha Martin Limited has received a credit rating update from India Ratings and Research Pvt. Ltd., marking an upgrade for its Long-Term Credit Facilities. The agency upgraded the rating in the period leading up to July 23, 2026.The ratings issued by India Ratings and Research Pvt. Ltd. concern the company’s Long-Term Credit Facilities (Bank loan facilities) and Short-Term Credit Facilities along with Commercial Paper.
Regarding the long-term obligations, the agency upgraded Usha Martin's rating from 'IND A+' to 'IND AA-' and assigned a Stable Outlook. For its short-term credit facilities and commercial paper, the agency reaffirmed the existing rating of 'IND A1+'.
The key ratings provided by India Ratings and Research Pvt. Ltd. are summarized below:
| Facility Type | Previous Rating | Current Rating | Outlook |
|---|---|---|---|
| Long-Term Credit Facilities | IND A+ | IND AA- | Stable |
| Short-Term Credit Facilities & Commercial Paper | N/A | IND A1+ | N/A |
The ratings reflect the agency's assessment of Usha Martin Limited's creditworthiness across both its long-term and short-term financing instruments.
USHAMART Stock Price Movement
Usha Martin Limited shares on Thursday slipped by 0.72% to settle at ₹496.40, shedding ₹3.60 from the previous close. The equity traded a volume of 215,130 shares throughout the 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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