GRAVITA INDIA : ICRA UPGRADES CREDIT RATING 📈🏅

• 🔼 ICRA has upgraded Gravita India's long-term rating to ICRA AA (Stable) from ICRA AA- (Stable) • 💰 Rating upgrade covers ₹1,000 crore long-term fund-based facilities • 🏦 Long-term/short-term bank facilities worth ₹745 crore also upgraded to ICRA AA (Stable) / ICRA A1+ • ✅ Short-term rating ICRA A1+ reaffirmed • 📊 Upgrade reflects improvement in business profile, financial strength and debt servicing capability • 🔍 Ratings remain under regular surveillance by ICRA 🟢 Impact: Positive (Higher credit rating can reduce borrowing costs, improve lender confidence and support future growth and expansion plans.)

GRAVITA INDIA LIMITED

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