19-Aug-2026      20:39

IFGL Refractories receives reaffirmed credit ratings from ICRA, including Rs 163.05 crore facility

IFGL Refractories Ltd announced that ICRA Limited (ICRA) reaffirmed the ratings for its various instruments, as communicated via email dated August 19, 2026, including a long-term rating of [ICRA]AA- (Stable) for the fund-based cash credit/packing credit facility of Rs 163.05 crores and a long-term rating of [ICRA]AA- (Stable) for the fund-based term loan of Rs 84.95 crores, both regulated by the RBI; short-term ratings of [ICRA]A1+ were reaffirmed for the non-fund-based letter of credit/bank guarantee of Rs 25.00 crores and the interchangeable limits for letter of credit/bank guarantee of Rs 61.00 crores (a sub-limit to the fund-based working capital limits), also regulated by the RBI; SEBI’s grievance redressal mechanisms are not applicable to these RBI-regulated instruments.

News source: Capital Market - Live News