Terai Tea Gets CRISIL BBB-/Stable Rating on ₹49.81 Cr Bank Facilities
Terai Tea Company has been assigned credit ratings by CRISIL Ratings for its bank facilities totaling ₹49.81 crore. The long-term rating is CRISIL BBB-/Stable, while the short-term rating is CRISIL A3. The facilities are distributed across multiple banks including Bank of India, Union Bank of India, Central Bank of India, and YES Bank Limited. The ratings cover various facility types such as bank guarantees, cash credit, and overdraft facilities. The rating letter from CRISIL is valid until March 31, 2026, subject to continuous surveillance and review.
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Terai Tea Company has received credit ratings from CRISIL Ratings for its bank facilities totaling ₹49.81 crore. The company has informed stock exchanges about this development, as per Regulation 30 of SEBI Listing Regulations.
Credit Rating Details
CRISIL Ratings has assigned the following ratings to Terai Tea Company's bank loan facilities:
| Rating Type | Rating Assigned |
|---|---|
| Long Term Rating | CRISIL BBB-/Stable |
| Short Term Rating | CRISIL A3 |
| Total Facilities Rated | ₹49.81 crore |
Bank-wise Facility Breakdown
The rated facilities are distributed across multiple banking partners:
| Bank | Facility Type | Amount (₹ Cr) | Rating |
|---|---|---|---|
| Bank of India | Bank Guarantee | 3.00 | CRISIL A3 |
| Union Bank of India | Bank Guarantee | 1.97 | CRISIL A3 |
| Central Bank of India | Bank Guarantee | 1.06 | CRISIL A3 |
| Central Bank of India | Cash Credit | 8.94 | CRISIL BBB-/Stable |
| Union Bank of India | Cash Credit | 24.52 | CRISIL BBB-/Stable |
| Bank of India | Cash Credit | - | CRISIL BBB-/Stable |
| YES Bank Limited | Cash Credit | 10.00 | CRISIL BBB-/Stable |
| YES Bank Limited | Overdraft Facility | - | CRISIL BBB-/Stable |
| - | Proposed Working Capital | 0.32 | CRISIL BBB-/Stable |
Rating Validity and Surveillance
The rating letter from CRISIL remains valid until March 31, 2026. CRISIL Ratings maintains continuous surveillance and review of all assigned ratings, with the authority to withdraw or revise ratings based on new information or changing circumstances.
Regulatory Compliance
Terai Tea Company has fulfilled its disclosure obligations by informing both stock exchanges where its shares are listed. The rating information has also been made available on the company's website at www.teraigroup.com as part of transparency requirements.
Historical Stock Returns for Terai Tea Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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