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Refex Industries Ltd. receives ratings from Acuité, including an ACUITE A rating for Bank Loan Ratings

10-Aug-26 19:50 Hrs IST

Refex Industries Ltd announced rating actions from Acuité Ratings & Research Limited and ACUITE, covering a range of instruments. Acuité Ratings & Research Limited assigned an ACUITE A rating to Bank Loan Ratings amounting to 206.00, and another Bank Loan Ratings of 4.00 with an ACUITE A1 rating, while also upgrading Bank Loan Ratings of 112.05 and 337.95 to ACUITE A and ACUITE A1, respectively; Acuite noted the ratings are subject to change and further details are available on their website. ACUITE, operating under the oversight of the RBI, assigned an A stable rating to Bank Loan facilities totaling 206.00 and another Bank Loan of 4.00 with an A1 rating, alongside upgrades to Cash Credit (Union Bank of India) of 30.00, Letter of Credit (Union Bank of India) of 170.00, Cash Credit (YES BANK LIMITED) of 50.00, Cash Credit (INDIAN OVERSEAS BANK) of 175.00, Letter of Credit of 170.00, Cash Credit of 50.00, Cash Credit of 175.00, Bank Guarantee (BLR) of 150.00, Term Loan of 26.01, Term Loan of 6.04, Working Capital Demand Loan (WCDL) of 25.00, Term Loan of 6.00, Letter of Credit of 17.95, Letter of Credit of 4.00, all to an A stable rating, and upgrades to Term Loan of 26.01, Term Loan of 6.04, and Letter of Credit of 17.95 from lower ratings.

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