Date: March 31, 2025
Source: Official disclosure to NSE and BSE
🔍 What’s Happening?
RITES Limited has received a reaffirmation of its stellar credit ratings from Infomerics Valuation and Rating Pvt Ltd — a strong indicator of the company’s financial stability and credibility. ✅
🏦 Credit Rating Snapshot 📊
| Instrument/Facility | Amount (₹ Crore) | Rating | Outlook | Action |
|---|---|---|---|---|
| Long Term Non-Fund Based Facility | 3615.00 | IVR AAA 🟢 | Stable 🟩 | Reaffirmed ✅ |
| Short Term Non-Fund Based Facility | 175.00 | IVR A1+ ⚡ | — | Reaffirmed ✅ |
| Total | 3790.00 | — | — | — |
📌 A “Triple A” (AAA) rating reflects the highest level of creditworthiness — lowest credit risk.
💼 Banks Involved (Long-Term Guarantees)
🏦 Multiple leading banks have extended their support through bank guarantees:
- ✅ State Bank of India – ₹1000 Cr
- ✅ ICICI Bank – ₹480 Cr
- ✅ IndusInd Bank – ₹550 Cr
- ✅ Indian Bank – ₹500 Cr
- ✅ HDFC Bank, Axis Bank, Kotak Mahindra, and others
⏳ These guarantees are long-term (more than 1 year).
💡 What Does This Mean for Investors?
🟢 Strong Credit Ratings = Enhanced confidence in the company’s ability to fulfill obligations
📈 Reaffirmation = Consistent performance and solid financial management
💰 Low Risk Profile = Safer investment outlook for lenders and stakeholders
🧐 Behind the Ratings
🧾 Infomerics considered:
- FY2024 Audited Results 📆
- 9M FY25 Unaudited Performance 📉
- Operational Strength & Market Position of RITES 🚂
⚠️ Note: If facilities aren’t availed within 3 months, the ratings need revalidation.
🧠 About the Rating Scale
- IVR AAA – 🟩 Highest safety regarding timely servicing of financial obligations
- IVR A1+ – ⚡ Very strong degree of safety for short-term payments
📎 Summary
✅ RITES continues to hold a premier financial standing
✅ Backed by top-tier banks and consistent performance
✅ Investor confidence remains high
📢Disclaimer: This information is for educational purposes only and should not be considered investment advice. I am not a SEBI-registered analyst. Please do your own research before making any financial decisions.
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