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IFGL Refractories receives reaffirmed credit ratings from ICRA, including Rs 163.05 crore facility
19-Aug-2026, 08:39
IFGL Refractories Ltd announced that ICRA Limited (ICRA) reaffirmed the ratings for its various instruments, as communicated via email dated August 19, 2026, including a long-term rating of [ICRA]AA- (Stable) for the fund-based cash credit/packing credit facility of Rs 163.05 crores and a long-term rating of [ICRA]AA- (Stable) for the fund-based term loan of Rs 84.95 crores, both regulated by the RBI; short-term ratings of [ICRA]A1+ were reaffirmed for the non-fund-based letter of credit/bank guarantee of Rs 25.00 crores and the interchangeable limits for letter of credit/bank guarantee of Rs 61.00 crores (a sub-limit to the fund-based working capital limits), also regulated by the RBI; SEBI’s grievance redressal mechanisms are not applicable to these RBI-regulated instruments.
IFGL Refractories Ltd announced that ICRA Limited (ICRA) reaffirmed the ratings for its various instruments, as communicated via email dated August 19, 2026, including a long-term rating of [ICRA]AA- (Stable) for the fund-based cash credit/packing credit facility of Rs 163.05 crores and a long-term rating of [ICRA]AA- (Stable) for the fund-based term loan of Rs 84.95 crores, both regulated by the RBI; short-term ratings of [ICRA]A1+ were reaffirmed for the non-fund-based letter of credit/bank guarantee of Rs 25.00 crores and the interchangeable limits for letter of credit/bank guarantee of Rs 61.00 crores (a sub-limit to the fund-based working capital limits), also regulated by the RBI; SEBI’s grievance redressal mechanisms are not applicable to these RBI-regulated instruments.