Hot Pursuit
Simplex Castings Ltd announced credit rating upgrades and assignments from multiple agencies, with Infomerics Valuation and Rating Limited upgrading both its Long Term Bank Facilities to IVR BBB/Stable (previously IVR BB+) and its Short Term Bank Facilities to IVR A3+ (previously IVR A4+); IVR similarly upgraded its Bank Facilities to BBB/Stable and Short Term Bank Facilities to A3+ from IVR BB+ and IVR A4+ respectively, while also assigning ratings of BBB/Stable to a Cash Credit facility of Rs. 34.00, a Working Capital Term Loan of Rs. 4.00, an A3+ rating to a Bank Guarantee of Rs. 26.00, and an A3+ rating to a Proposed Bank Guarantee of Rs. 8.00, all assigned by RBI; Infomerics has placed Bank Loan Facilities of Rs. 72.00 Crore under review, with surveillance normally conducted within 12 months, and noted that its ratings are not recommendations to buy, sell or hold any security, with Informerics assigning a BBB/Stable rating to a Name of Facility/Security with a value of Rs. 34.00, and all ratings are subject to SEBI CRA circular dated Feb 10, 2026.