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As on : 10-Sep-2026
Hot Pursuit
10-Sep-2026     11:48

Crisil upgrades Ratnamani Metals & Tubes' bank loan facilities reflecting a strong financial profile

Ratnamani Metals & Tubes Ltd announced that Crisil Ratings Limited has upgraded its long-term bank loan facilities amounting to Rs. 2,200 crore from 'Crisil AA/Positive' to 'Crisil AA+/Stable', while reaffirming the short-term bank loan facilities of Rs. 2,200 crore at 'Crisil A1+', and Crisil has mirrored the action, upgrading the long-term bank facilities from 'Crisil AA/Positive' to 'Crisil AA+/Stable' and reaffirming the short-term bank facilities; the rating actions reflect the company's strong financial risk profile, indicated by an adjusted interest coverage of 27.6 times as on March 31, 2026, and also consider planned investments over the next three fiscals, with no other rating agencies or instruments mentioned beyond those detailed by Crisil Ratings and Crisil.

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