13-Oct-2026      16:29

CARE Ratings reaffirmed and enhanced ratings on Universal Cables Ltd.'s bank loan facilities totaling Rs. 2,679.00 crores

Universal Cables Ltd announced that CARE Ratings Ltd. has reaffirmed and enhanced ratings on its various bank loan facilities, including Long-Term / Short-Term Bank Facilities aggregating to Rs. 95.00 crores and Rs. 1,509.00 crores, and Short-Term Bank Facilities amounting to Rs. 2,375.00 crores, all carrying ratings of CARE A; Stable / CARE A1, with enhancements from previous levels of Rs. 65.00 crores, Rs. 1,205.00 crores, and Rs. 1,800.00 crores respectively; CARE Ratings also initially assigned ratings to Fund-based - LT-Cash Credit of Rs. 825.00, Non-fund-based - LT/ ST- Derivative Limits of Rs. 95.00, Non-fund-based - ST- BG/LC of Rs. 2375.00, and Term Loan - Long Term of Rs. 684.00, all rated CARE A; Stable and CARE A1; additionally, CareEdge Ratings reaffirmed ratings on bank loan facilities, while CARE Ratings Limited disseminated information as per applicable law and regulation, and a rating was withdrawn on July 4, 2023.

News source: Capital Market - Live News