October, 06 2026 Tuesday 19:03 Hrs
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Safari Industries secures credit rating reaffirmations from CRISIL and IndusInd, HDFC, Axis, ICICI Banks
06-Oct-26   15:48 Hrs IST

Safari Industries (India) Ltd announced reaffirmations of credit ratings across various instruments by multiple agencies. CRISIL reaffirmed its ratings for the company, including a CRISIL AA-/Stable rating for Total Bank Loan Facilities amounting to Rs. 150 Crore, alongside a CRISIL A1+ rating for the same Total Bank Loan Facilities of Rs. 150 Crore; further reaffirmations were assigned to Fund-Based Facilities with Induslnd Bank Limited (Rs. 25 Crore, CRISIL AA-/Stable), HDFC Bank Limited (Rs. 33.6 Crore, CRISIL AA-/Stable), Axis Bank Limited (Rs. 11.98 Crore, CRISIL AA-/Stable), and ICICI Bank Limited (Rs. 40.1 Crore, CRISIL AA-/Stable), as well as a Non-Fund Based Limit with Axis Bank Limited (Rs. 39.32 Crore, CRISIL A1+); additionally, ratings were reaffirmed for Long Term and Short Term instruments by unspecified agencies, though details regarding the agency and rating levels were not provided.

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