14-Aug-2026      19:05

Crisil Ratings reaffirmed and withdrew ratings for Jay Ushin Ltd’s Rs. 125 crore total bank loan facilities

Jay Ushin Ltd announced that Crisil Ratings Limited has reaffirmed and withdrawn ratings of Rs. 125 crore for Total Bank Loan Facilities at BBB-/Stable and A3 for RBI Short Term, while also withdrawing ratings for individual Bank Loan instruments; additionally, Crisil has withdrawn ratings for standalone business evaluations and various instruments including Purchase Bill Discounting (Rs. 55.00, Crisil A3), Working Capital (Rs. 39.80, Crisil BBB-/Stable), Term Loans (Rs. 17.00, Rs. 13.20, and NA Term Loan, all Crisil BBB-/Stable), Fund Based Facilities LT/ST (Rs. 125.0, A3/BBB-/Stable), and Working Capital Facilities (Rs. 30 and Rs. 9.8, both Crisil BBB-/Stable), with the rationale for these actions, and further details on revenue (Rs. 969 crore in Fiscal 2026, projected at Rs. 1,018 crore in Fiscal 2027), operating margin (3-4%), and debt metrics (gearing below 1 time, interest coverage over 2 times), available in the rationale document accessible at the provided Crisil Ratings links.

News source: Capital Market - Live News