Amber Enterprises India's Credit Ratings Reaffirmed by CRISIL
CRISIL has reaffirmed Amber Enterprises India Limited's credit ratings, maintaining the long-term rating at AA-/Positive and short-term rating at A1+. The ratings cover total bank loan facilities of Rs. 3,252.00 crore. CRISIL has removed the company from its 'Rating Watch with Developing Implications' list. The rated facilities include fund-based facilities, non-fund based limits, and term loans across multiple banks such as HDFC Bank, ICICI Bank, and Axis Bank.
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CRISIL, a leading credit rating agency, has reaffirmed Amber Enterprises India Limited 's credit ratings. The company's long-term rating has been maintained at AA-/Positive, while its short-term rating remains at A1+. Notably, CRISIL has removed Amber Enterprises from its 'Rating Watch with Developing Implications' list.
Credit Ratings Overview
The reaffirmed ratings cover Amber Enterprises India's total bank loan facilities worth Rs. 3,252.00 crore. These facilities are spread across multiple banks, including HDFC Bank, ICICI Bank, Axis Bank, and others. The ratings breakdown is as follows:
| Rating Type | Rating |
|---|---|
| Long Term Rating | CRISIL AA-/Positive |
| Short Term Rating | CRISIL A1+ |
Facility-wise Breakdown
CRISIL's rating action covers various types of banking facilities utilized by Amber Enterprises India. Here's a detailed breakdown of the rated facilities:
| Facility Type | Amount (Rs. in Crore) |
|---|---|
| Fund-Based Facilities | 1,565.00 |
| Non-Fund Based Limit | 1,045.00 |
| Term Loan | 642.00 |
| Total | 3,252.00 |
Key Banks Involved
The credit facilities are provided by a diverse group of banks, reflecting Amber Enterprises India's strong banking relationships. Some of the key banks include:
- HDFC Bank Limited
- ICICI Bank Limited
- Citibank N.A.
- Axis Bank Limited
- YES Bank Limited
- IndusInd Bank Limited
Implications of the Ratings
The reaffirmation of Amber Enterprises India's credit ratings by CRISIL indicates:
- Strong Credit Profile: The AA- long-term rating suggests a high degree of safety regarding timely servicing of financial obligations.
- Short-term Strength: The A1+ short-term rating indicates the highest level of safety for short-term debt instruments.
- Positive Outlook: The 'Positive' outlook on the long-term rating suggests a likelihood of rating upgrade in the medium term.
- Removal from Rating Watch: This action implies that the uncertainties that had placed the ratings under watch have been resolved or clarified.
The reaffirmed ratings and removal from the Rating Watch list may positively impact Amber Enterprises India's ability to access capital markets and negotiate favorable terms with lenders. It also serves as a strong signal to stakeholders about the company's financial health and creditworthiness.
Investors and stakeholders should note that while these ratings provide valuable insights into Amber Enterprises India's credit profile, they should not be considered as recommendations for buying, selling, or holding the company's securities.
Historical Stock Returns for Amber Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.08% | +1.89% | -11.99% | +12.61% | +10.91% | +235.13% |
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