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Cantabil Retail India Ltd announced credit rating actions from ICRA Limited and ICRA, wherein ICRA Limited initially rated the Long-term - Fund -based - Working capital facilities at Rs 57.50 crore with an [ICRA]A+(Stable) rating, while ICRA subsequently upgraded the Long-term - Fund -based - Working capital facilities of the same amount to [ICRA]A+(Stable) due to RBI intervention, and also upgraded the Long-term/Short -term - Unallocated limits of Rs 15.50 to [ICRA]A+(Stable) /[ICRA]A1, and the Short-term - Non -fund based - Others of Rs 2.00 to [ICRA]A1, all driven by RBI; additionally, ICRA rated Working Capital Facilities of Rs 13.00 on the Long-Term Scale as [ICRA] A+, and assigned ratings of A+(Stable) to Working Capital Facilities of Rs 13.00 maturing August 27, 2026 from Standard Chartered Bank, Working Capital Facilities of Rs 15.00 maturing August 27, 2026 from Axis Bank Limited, Working Capital Facilities of Rs 14.50 maturing August 27, 2026 from State Bank of India, Non -fund -based facilities of Rs 2.00 maturing August 27, 2026 from Standard Chartered Bank, and Unallocated Limits of Rs 15.50 maturing August 27, 2026 on the Long-Term/Short-Term Scale as A+(Stable)/A1.
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