Hot Pursuit
Aether Industries Ltd announced credit rating actions from Crisil and ICRA, with Crisil Ratings assigning ratings to various bank facilities and instruments totaling Rs. 636 Crore, including a Long Term rating of Crisil AA-/Stable and a Short Term rating of Crisil A1+, alongside assignments for Cash Credit facilities with HDFC Bank Limited (Rs. 250), ICICI Bank Limited (Rs. 50), and Axis Bank Limited (Rs. 2), as well as a Term Loan of Rs. 150 with HDFC Bank Limited, and Proposed Fund-Based Bank Limits of Rs. 88; ICRA maintains a Long Term credit rating of A+ (Stable) and a Short Term credit rating of A1, reflecting previous ratings, while Crisil also assigned a Short Term Rating of Crisil A1+ and a rating of Crisil AA-/Stable, with all ratings remaining valid until August 12, 2027, and covering instruments such as Listed/Proposed to be listed bonds/debentures/preference share, Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share, Listed PTCs / Securitisation Notes, Unlisted PTCs / Securitisation Notes, Listed Commercial Paper and NCDs, Unlisted Commercial Paper and NCDs, Loan Facilities (Fund/Non-Fund Based), External Commercial Borrowings, Certificates of Deposit, Fixed Deposits raised by corporates, Inter Corporate Deposits/Loans, Borrowing programme, Issuer Ratings, Credit Ratings for Capital Protection Oriented Schemes, Credit quality ratings (CQRs), Inter Corporate Deposits/Loans extended by Corporates, and Expected Loss Ratings across various regulatory bodies including SEBI, RBI, and MCA.