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Lords Mark Industries' credit ratings upgraded by Infomerics for loan facilities totaling over 450 Crore

18-Aug-26   14:46 Hrs IST
Lords Mark Industries Limited announced upgrades to its credit ratings by Infomerics Valuation and Rating Ltd., impacting several instruments. Specifically, the agency upgraded Bank Loan Facilities amounting to 191.03 Crore to IVR A-/Stable, enhancing it from Rs. 191.03 Crore, alongside upgrading Bank Loan Facilities of 260.37 Crore to IVR A2+ for the short term. Additionally, Infomerics assigned stable ratings of IVR A- to various term loans including GECL Term Loan (2026), Baroda Term Loan (2027), Baroda GECL Term Loan (2027), India GECL Term Loan (2026), Axis Bank Term Loans (2026, 2029, 2032, and 2031), Canara Bank Term Loans (2027 and 2032), Deutsche Term Loan (2042), Bank of Baroda Cash Credit (2026), and Punjab National Bank Cash Credit (2026), while also assigning a stable rating of A- to cash balances of 28.70, 18.00, 61.00, 20.00, and 10.00. The RBI, MCA, SEBI, and Independent Credit Evaluation (ICE) agencies provided no rating data or actions related to Lords Mark Industries Limited within the provided information.

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